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Part II — Selection of Directors by Governors Representing State Participants Overeenkomst tot oprichting van het Afrikaanse Ontwikkelingsfonds

Selection of Directors by Governors Representing State Participants

(1) In balloting for the selection of Directors, each governor representing a State participant shall cast for one person all of the votes to which the State appointing him is entitled. The six persons receiving the greatest number of votes shall be directors, except that no person who receives less than 12 per cent of the total of the votes of such governors shall be considered elected.

(2) When six persons are not elected on the first ballot, a second ballot shall be held in which the person who received the lowest number of votes shall be ineligible for election and in which there shall vote only (a) those governors who voted in the first ballot for a person not elected and (b) those governors whose votes for a person elected are deemed under 3 below to have raised the votes cast for that person above fifteen per cent of the eligible votes.

(3) In determining whether the votes cast by a governor are to be deemed to have raised the total of any person above fifteen per cent of the eligible votes, the fifteen per cent shall be deemed to include, first, the votes of the governor casting the largest number of votes for such person, then the votes of the governor casting the next largest number, and so on until fifteen per cent is reached.

(4) Any governor, part of whose votes must be counted in order to raise the total of any person above 12 per cent, shall be considered as casting all of his votes for such person even if the total votes for such person thereby exceed fifteen per cent.

(5) If, after the second ballot, six persons have not been elected, further ballots shall be held on the same principles until six persons have been elected, provided that after five persons are elected, the sixth may be elected by a simple majority of the remaining votes and shall be deemed to have been elected by all such votes.

(6) The Governors representing State participants may change the foregoing rules by a 75 per cent majority of the total voting power of such governors.

(7) There shall be a new selection of directors representing State participants at each of the first three annual meetings of the Board of Governors.

(8) Each director shall appoint an alternate who shall have full power to act for him when he is not present. Directors and their alternates shall be nationals of State participants.

Regeling
Overeenkomst tot oprichting van het Afrikaanse Ontwikkelingsfonds
Soort
Verdrag
Geldend vanaf
04-07-2003
BWB-id
BWBV0003816
Versie
2003-07-04_0

In de hele regeling · Officiële tekst op wetten.overheid.nl