wetzoeker

3 Overeenkomst tot oprichting van de Interamerikaanse Ontwikkelingsbank

ELECTION OF EXECUTIVE DIRECTORS

The Governors for the regional developing member countries shall elect seven Executive Directors in accordance with the following provisions:

(a) This section shall apply exclusively to the regional developing member countries, and the total voting power of those countries shall be counted as 100 per cent for the purposes hereof.

(b) Each Governor eligible to vote under this section shall cast in favor of a single person all the votes to which the member country he represents is entitled under Article VIII, Section 4 (a), of the Agreement Establishing the Bank.

(c) In the first place, as many ballots as are necessary shall be taken until five persons have been elected Executive Directors in the following manner:

(i) Each of two candidates has received a number of votes constituting not less than the sum of the votes appertaining to the country with the greatest voting power and to the country with the least voting power.

(ii) One candidate has received a number of votes constituting not less than the sum of the votes appertaining to the country with the third greatest voting power and to the two countries with the least voting power.

(iii) One candidate has received a number of votes constituting not less than the sum of the votes appertaining to the country with the fourth greatest voting power and to the two countries with the least voting power.

(iv) One candidate has received a number of votes constituting not less than the sum of the votes appertaining to the country with the fifth greatest voting power and to the three countries with the least voting power.

(d) In the second place, Governors whose votes have not been cast in favor of any of the Directors elected under paragraph (c) shall elect two Executive Directors on the basis that only countries individually having not more than two and one-half per cent (2½ %) of the total voting power shall be eligible to present candidates and to vote. The two candidates who receive the greatest number of votes shall be deemed elected, provided that in each case these votes have been cast by three or more countries, and as many ballots shall be taken as are necessary to reach this result.

(e) After the balloting has been completed, each Governor who did not vote for any of the candidates elected shall assign his votes to one of them. The number of votes appertaining under Article VIII, Section 4 (a), of the Agreement Establishing the Bank to each Governor who has voted for or assigned his votes to a candidate elected under these Regulations shall be deemed for the purposes of Article VIII, Section 4 (d) (ii), of the Agreement to have counted toward the election of such candidate.

Regeling
Overeenkomst tot oprichting van de Interamerikaanse Ontwikkelingsbank
Soort
Verdrag
Geldend vanaf
10-01-1977
BWB-id
BWBV0004920
Versie
1977-01-10_0

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