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5. The Finance Committee

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15 July, 2009

  1. The Finance Committee shall be composed of six (6) members of the Executive Committee plus the President, the Vice President and the General Secretary.
  2. The Finance Committee members shall designate in writing to the General Secretary their substitutes within 60 days after the conclusion of the Congress. The substitutes are to be confirmed by the Executive Committee. If a Finance Committee member is unable to attend a meeting, the officially designated substitute shall attend the meeting.
  3. Two members of the Auditing Committee shall attend the Finance Committee meetings as observers.
  4. The Finance Committee shall discuss and make recommendations to the Executive Committee on the following:
    1. Long-term financial planning.
    2. Analysis of IMF income needs.
    3. Review annual budgets.
    4. Establish terms of reference for collective bargaining negotiations with staff in Geneva.
  5. The Finance Committee shall meet as often as needed, but at least once a year.