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4 Overeenkomst tot oprichting van de Interamerikaanse Ontwikkelingsbank

ELECTION OF EXECUTIVE DIRECTORS

The Governors for the nonregional countries shall elect two Executive Directors in accordance with the following provisions:

(a) This section shall apply exclusively to the nonregional 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) The two candidates receiving the largest number of votes shall be Executive Directors, provided that no person shall be deemed elected unless he has received the votes of three or more nonregional Governors constituting at least 40 per cent of the total eligible votes, but provided further that he shall not have received more than 60 per cent of such total votes. As many ballots as are necessary shall be taken until two candidates have been elected.

(d) After the balloting has been completed, each Governor who did not vote for either 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