BWBV0004446
Geldig vanaf 02-05-1998
Artikel 29
Overeenkomst tot oprichting van de Afrikaanse Ontwikkelingsbank, gedaan te Khartoem op 4 augustus 1963, zoals gewijzigd bij Resolutie 05-79 aangenomen door de Raad van Bestuur op 17 mei 1979
1. All the powers of the Bank shall be vested in the Board of Governors. In particular, the Board shall issue general directives concerning the credit policy of the Bank.
2. The Board of Governors may delegate to the Board of Directors all its powers except the power to:
a. Decrease the authorized capital stock of the Bank;
b. Establish or accept the administration of Special Funds;
c. Authorize the conclusion of general arrangements for co-operation with the authorities of African countries which have not yet attained independent status or of general agreements for co-operation with African Governments which have not yet acquired membership of the Bank, as well as of such agreements with other Governments and with other international organizations;
d. Elect the President of the Bank, suspend or remove him from office and determine his remuneration and conditions of service;
e. Determine the remuneration of directors and their alternates;
f. Select outside auditors to certify the General Balance Sheet and the Statement of Profit and Loss of the Bank and to select such other experts as may be necessary to examine and report on the general management of the Bank;
g. Approve, after reviewing the report of the auditors, the General Balance Sheet and Statement of Profit and Loss of the Bank; and
h. Exercise such other powers as are expressly provided for that Board in this Agreement.
3. The Board of Governors shall retain full powers to exercise authority over any matter delegated to the Board of Directors pursuant to paragraph 2. of this article.
2. The Board of Governors may delegate to the Board of Directors all its powers except the power to:
a. Decrease the authorized capital stock of the Bank;
b. Establish or accept the administration of Special Funds;
c. Authorize the conclusion of general arrangements for co-operation with the authorities of African countries which have not yet attained independent status or of general agreements for co-operation with African Governments which have not yet acquired membership of the Bank, as well as of such agreements with other Governments and with other international organizations;
d. Elect the President of the Bank, suspend or remove him from office and determine his remuneration and conditions of service;
e. Determine the remuneration of directors and their alternates;
f. Select outside auditors to certify the General Balance Sheet and the Statement of Profit and Loss of the Bank and to select such other experts as may be necessary to examine and report on the general management of the Bank;
g. Approve, after reviewing the report of the auditors, the General Balance Sheet and Statement of Profit and Loss of the Bank; and
h. Exercise such other powers as are expressly provided for that Board in this Agreement.
3. The Board of Governors shall retain full powers to exercise authority over any matter delegated to the Board of Directors pursuant to paragraph 2. of this article.
- Citeren als
- Art. 29
- Geldig vanaf
- Status
- Geldend recht
- Identificatie
- BWBV0004446
- Officiële bron
- wetten.overheid.nl