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Schedule E — Election of Executive Directors Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen

Election of Executive Directors

1. For the purpose of this schedule:

“Candidature” means any two persons nominated by a Constituency; one for a post as Executive Director and one for his or her alternate.

“Constituency” means, as the context may require:

a) any singular Member holding a number of Votes equal to or exceeding a given number to be determined by the Governing Council at any time; and/or

b) any group of Members holding among them a number of Votes which falls between the number determined by the Governing Council under subparagraph (a), and a lower number to be determined by the Governing Council at any time.

“Votes” means votes as allocated to the respective Members pursuant to schedule D.

2. The Executive Directors and their alternates shall be elected by the Governing Council by endorsement of Candidatures submitted by the respective Constituencies. The two persons forming each Candidature need not be of the same nationality.

3. At each meeting of the Governing Council where elections for Executive Directors are to be held, each Constituency shall present one Candidature. In the case that the Governing Council should not endorse a Candidature, the Constituency concerned shall be entitled to submit up to three further Candidatures at the relevant meeting of the Governing Council.

4. Always subject to the provisions of paragraph 1 of this schedule, any group of Members may at their discretion establish a Constituency. The terms for co-operation, decision-making and nomination of candidatures within each Consistency shall be determined by the Members concerned at their discretion.

5. The Governing Council may at any time with a Highly Qualified Majority amend all or any of the numbers of Votes referred to in paragraph 1 of this schedule.

Regeling
Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen
Soort
Verdrag
Geldend vanaf
10-01-2016
BWB-id
BWBV0003602
Versie
2016-01-10_0

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