The purpose and aim of FIDE are the diffusion and development of chess among all nations of the world, as well as the raising of the level of chess culture and knowledge on a sporting, scientific, creative and cultural basis.
FIDE trough its various organs introduced a series of measures to fine-tune the system of qualifications as well as the cycles of the World Championship but by far the most significant change introduced, was the series of knockout matches, which was the brainchild of FIDE President Kirsan Ilyumzhinov.
FIDE President in 1949 after having held the position of President of the Swedish Chess Federation and between 1947 and 1949, the office of Vice-President of FIDE.
"10 percent ownership" means that the bona fide representative is entitled to 10 percent of any net profits from a business, owns a 10 percent equity interest in a plumbing contractor, and is entitled to 10 percent of the net proceeds from the sale of a business in the event of sale of the business.
If the plumbing contractor is a corporation, the bona fide representative owns stock equaling a 10 percent equity interest, and, if there are more than one class of stock, the stock owned by the bona fide representative is the highest level stock with full voting rights.
If the person performing the work is a journeyman, the bona fide representative, a New Jersey licensee employed by the bona fide representative or the supervisory journeyman shall maintain daily contact with the journeyman either directly, by telephone or through writing and, where the work requires a plumbing permit, shall inspect the work upon completion.
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