Artikel 3

1. The Centre shall have a General Assembly, a Management Board and an Executive Director.
2. The General Assembly shall consist of the representatives of the Members of the Centre and the representatives of the least developed countries listed in Annex III to this Agreement. The General Assembly shall meet at least twice a year to:
– Evaluate the performance of the Centre;
– Elect the Management Board;
– Adopt regulations proposed by the Management Board;
– Adopt the annual budget proposed by the Management Board; and
– Perform the functions assigned to it under other provisions of this Agreement.
The General Assembly shall adopt its rules of procedure.
3. The Management Board shall consist of four members, a representative of the least developed countries and the Executive Director. The persons serving on the Management Board shall serve in their personal capacity and shall be selected on the basis of their professional qualifications in the field of WTO law or international trade relations and development.
4. The members of the Management Board and the representative of the least developed countries on the Management Board shall be appointed by the General Assembly. The Executive Director shall serve ex officio on the Management Board. The group of Members listed in Annex I to this Agreement and the three groups of Members listed in Annex II to this Agreement may each nominate one member of the Management Board for appointment by the General Assembly. The least developed countries listed in Annex III to this Agreement may nominate their representative on the Management Board for appointment by the General Assembly.
5. The Management Board shall report to the General Assembly. The Management Board shall meet as often as necessary to:
– Take the decisions necessary to ensure the efficient and effective operation of the Centre in accordance with this Agreement;
– Prepare the annual budget for the Centre for approval by the General Assembly;
– Decide on appeals by Members to whom legal support in a dispute settlement proceeding has been denied;
– Supervise the administration of the Centre's endowment fund;
– Appoint an external auditor;
– Appoint the Executive Director in consultation with Members;
– Propose for adoption by the General Assembly regulations on: – The procedures of the Management Board;
– The duties and conditions of service of the Executive Director, the staff of the Centre and consultants contracted by the Centre; and
– The administration and investment policy of the Centre's endowment fund;
– The procedures of the Management Board;
– The duties and conditions of service of the Executive Director, the staff of the Centre and consultants contracted by the Centre; and
– The administration and investment policy of the Centre's endowment fund;
– Perform the functions assigned to it under other provisions of this Agreement.
6. The Executive Director shall report to the Management Board and shall be invited to participate in all its meetings. The Executive Director shall:
– Manage the Centre's day-to-day operations;
– Hire, direct and dismiss the staff of the Centre in accordance with the staff regulations adopted by the General Assembly;
– Contract and supervise consultants;
– Submit to the Management Board and the General Assembly an independently audited statement of receipts and expenditures relating to the budget during the preceding fiscal year; and
– Represent the Centre externally.