Decision ID: 002636
In May 1998 the 1971 Fund Assembly adopted a Resolution (1971 Fund Resolution No.13) to the effect that: until such time as the 1971 Fund was wound up, regular sessions of the Assembly should be convened once every calendar year; with effect from the first session of the Assembly that failed to achieve a quorum, the functions of the Assembly should be allocated to the Executive Committee; if a quorum of the Assembly were to be achieved, the Assembly would resume its functions; whenever the Executive Committee failed to achieve a quorum, all functions undertaken by the Committee would revert to the Assembly; a new body to be known as the 1971 Fund Administrative Council be created to perform the functions of the Assembly, including those previously allocated to Executive Committee, whenever the Assembly failed to achieve a quorum after the functions allocated to the Executive Committee had reverted to the Assembly; all Members and former Members of the 1971 Fund would be invited to attend sessions of the Administrative Council with no quorum requirements; decisions of the Council woul be taken by majority vote of those Member States and former Member States present, provided that a former Member State should have the right to vote only in respect of issues relating to incidents which had occurred while the Convention was in force for that State; and the Director of the 1971 Fund should ex officio be the Director of the 1992 Fund.