Decision ID: 002171
In March 1980 the 1971 Fund Assembly decided to allocate the following functions to the 1971 Fund Executive Committee: to review the investment principles; to authorise the Director to settle claims beyond the limits established in the Internal Regulations; to authorise the Director to make provisional payments beyond the limits established in the Internal Regulations; to consider the payment for the satisfaction of claims if annual contributions were not sufficient and the Director was unable to secure loans on reasonable terms; to decide whether the privileges and immunities of the Director should be waived; to approve the classification standards on the basis of which the Director could determine appropriate categories and grades for established posts; and, to determine the terms and conditions of service of the Director.