Article IX Statuut van de Ontwikkelingsbank van de Raad van Europa
Section 1
The Governing Board shall consist of a Chairman and one representative appointed by each Member. Each Member may appoint a substitute.
The Secretary General of the Council of Europe may participate in or be represented at the meetings.
Section 2
The Governing Board is the supreme organ of the Bank; it shall be vested with all powers in respect of the Bank, save the right to change its purposes as stipulated in Article II of the Articles of Agreement.
Section 3
1 The Governing Board shall
a. determine the conditions upon which Council of Europe Member States become Members of the Bank;
b. authorise European States not members of the Council of Europe and international institutions with a European focus to become Members of the Bank and lay down the conditions for such authorisation and the number of participating certificates to be subscribed by such members;
c. adjust the apportionment of the capital among Members as shown in the table appended to the present Articles of Agreement;
d. increase or reduce the authorised capital and fix the proportion of the subscribed shares to be paid up and the dates by which payment must be made;
e. ensure compliance with the aims stated in the Articles of Agreement;
approve the Bank's annual report, accounts and other financial statements;
provide general guidelines concerning the institution's activity;
f. suspend or terminate the Bank's operations and, in the event of liquidation, distribute its assets;
g. suspend a Member;
h. amend these Articles of Agreement, without, however, making any change in their stated aims;
i. interpret these Articles of Agreement and determine any appeals against decisions concerning the interpretation or application of the Articles of Agreement;
j. authorise the conclusion of general agreements on co-operation with other international organisations;
k. elect the Chairman of the Governing Board and the Chairman of the Administrative Council;
l. appoint the Governor and, as necessary, on a proposal by the Governor, one or more Vice-Governors, one of whom shall replace the Governor in the latter's absence, and remove them from their posts and accept their resignation;
m. appoint the members of the Auditing Board;
n. appoint the external auditor and lay down his terms of reference;
o. draw up its Rules of Procedure;
p. exercise such other powers as are expressly assigned to the Governing Board in these Articles of Agreement.
2 The Governing Board shall make its decisions regarding litt. d. and f. on a proposal by the Administrative Council, and on litt. c., m. and n., after hearing the latter. The Administrative Council shall give its opinion on all other decisions with financial consequences.
3 All powers other than those set forth in Section 3 paragraph 1 above shall be delegated to the Administrative Council.
The powers delegated to the Administrative Council in these Articles of Agreement may be reassumed only in exceptional circumstances and for a specified period.
4 The Governing Board shall meet once a year. It may, if necessary, hold additional meetings.
5 The Governing Board may when necessary invite representatives of international organisations or any other interested person to participate in its proceedings without the right to vote.
Section 4
a Decisions taken by the Governing Board at its meetings shall be valid only if two-thirds of its Members' representatives are present.
Decisions shall be taken by voting. Only votes in favour and against shall count for the purpose of calculating majorities.
b Decisions may also be taken in writing between meetings.
c Each Member of the Bank shall have one vote for each participating certificate held by it.
d Any Member which has failed to pay on time the part of the capital falling due may not, for as long as such non-payment persists, exercise the voting rights corresponding to the sum due and not paid up.
e Decisions shall be reached by a majority of the Members voting in favour or against and holding two-thirds of the votes cast.
f A majority of three-quarters of the Members voting in favour or against and holding three quarters of the votes cast, shall be required for:
- the decision provided for in Section 3. paragraph 3. of this Article;
- adjustments to the apportionment table appended to these Articles of Agreement not resulting from the admission of new Members which are made pursuant to Section 3. paragraph 1. litt. c.
g The decisions referred to in Section 3. paragraph 1. litt. f. and h. shall be taken by an unanimous vote of the Members casting a vote.
Section 5
The Governing Board shall be chaired by a Chairman elected by it for a three-year term.
The outgoing Chairman may be re-elected for a further three-year term. Each Member of the Bank is entitled to present a candidate.
The Chairman shall be responsible for political relations with officials of the States, the Council of Europe and other international institutions, in close co-operation with the Governor.
The Chairman shall keep the Committee of Ministers and the Parliamentary Assembly regularly informed of the Bank's activities; he shall, inter alia, forward the Governor's report to the Committee of Ministers and maintain all other necessary contacts with the Council of Europe.
- Regeling
- Statuut van de Ontwikkelingsbank van de Raad van Europa
- Soort
- Verdrag
- Geldend vanaf
- 18-03-1997
- BWB-id
- BWBV0001234
- Versie
- 1997-03-18_0