Artikel XVI

1. It is the duty of the Management Committee in the interval between meetings of the Executive Committee and in accordance with the decisions made by the General Conference and the Executive Committee to examine the working of the Institute and in particular financial matters and to submit the annual budget to the Executive Committee.
2. The Management Committee consists of the President of the Executive Committee who is ex-officio President of the Management Committee, three members elected for a period of four years by the Executive Committee, three members elected for a period of four years by the Technical Board. These six members cannot be elected to the same office for more than two consecutive terms.
3. The Management Committee meets when called by its President at least three times a year.
4. Decisions are taken by a simple majority, the President having the casting vote in the case of a tie.
5. The Director is ex-officio Secretary to the Management Committee.
6. When necessary the Management Committee draws up its own rules of procedure which shall be submitted for approval to the Executive Committee.