Decision ID: 003446

In June 2008 the 1992 Fund Administrative Council noted that the term of office of the current Audit Body would expire at the October 2008 sessions of the governing bodies and that an election of the members for a new term of office would take place at the same sessions. It was noted that four members of the current Audit Body elected from Members States had already served two terms of office and were therefore not eligible to serve a third term whereas the remaining two members were eligible to serve a second term of three years. It was noted that, in response to a circular from the Director calling for nominations, only five nominations, including two from those members who had only served one term, had been received. It was decided that the candidates whose nominations had been received within the deadline given in the above-mentioned circular should be automatically elected in October 2008 and that a second circular should be sent by the Director to 1992 Fund Member States calling for nominations to fill the remaining position. The Council endorsed the Chairman’s proposal that the member of the Audit Body not related to the Organisations should be recommended for re-election, notwithstanding that he had already served two terms.

Date: 31.05.2008
Categories: Administrative matters, Financial matters
Subjects: Audit Body, establishment, election and activities, Establishment, election and activities of the Audit Body