BWBV0006825
Artikel 12
Verdrag tot oprichting van de Caribische Douaneorganisatie en inzake wederzijdse administratieve bijstand in douanezaken
1. The Finance Committee shall consist of no less than five members, including a Chairman, and shall establish its own rules of procedure, subject to approval by the Council. The Finance Committee should reflect a balanced representation of the Members. Each member of the Finance Committee will have one vote with the Chairman having a casting vote.
2. Members of the Finance Committee shall be elected for two-year terms and thereafter may be eligible for re-election.
3. The members of the Finance Committee shall elect a Chairman and a Vice Chairman from amongst their ranks.
4. A quorum of the Finance Committee shall be at least one half of the membership of the Committee.
5. Membership to the Finance Committee will be restricted to Members, subject to compliance with paragraph 1 of Article 16 of this Agreement.
6. The Finance Committee may determine the attendance of observers at any of its meetings.
7. The responsibilities of the Finance Committee include:
(i) to examine the full Audit Report on the previous financial year, prepared by the Organization’s external financial auditor, together with the Secretary General’s comments thereon and, on the basis of that Report and the audited accounts for the previous financial year, to recommend, if appropriate, that the Council approves those accounts, accepts the Secretary General’s proposals for the apportionment of the result of the profit and loss account, and acquits the Secretary General of his financial responsibilities for the previous financial year;
(ii) to consider in respect of the financial year in progress the situation with regard to the receipt of Members’ contributions and capital subscriptions, the execution of the budget and the cash flow situation and, where appropriate, to advise the Council of measures to be taken and to look into the financial implications of any new tasks assigned to the Secretariat and not included in the budget appropriations approved by the Council, and to make recommendations to the Council concerning the financing of those tasks;
(iii) to consider Members’ contributions for the next financial year, taking into account the work plan and program budget, and, as appropriate, to recommend through the Executive Committee to the Council for adoption: the amount of yearly contributions, the general operating expenses and an estimated profit and loss account and balance sheet for the next financial year;
(iv) to analyze the financial implications of implementing the work plan and to report the assessment to the Executive Committee and the Council;
(v) to participate in the process for selecting the external financial auditor and to consider the results of the external financial audit;
(vi) to examine and, where appropriate, to make recommendations to the Council on the medium-term financial perspectives or multi-year budgeting of the Organization; and
(vii) to examine and, where appropriate, to make recommendations to the Council on the Organization’s financial investments and income and on alternative sources of funding for the Organization.
2. Members of the Finance Committee shall be elected for two-year terms and thereafter may be eligible for re-election.
3. The members of the Finance Committee shall elect a Chairman and a Vice Chairman from amongst their ranks.
4. A quorum of the Finance Committee shall be at least one half of the membership of the Committee.
5. Membership to the Finance Committee will be restricted to Members, subject to compliance with paragraph 1 of Article 16 of this Agreement.
6. The Finance Committee may determine the attendance of observers at any of its meetings.
7. The responsibilities of the Finance Committee include:
(i) to examine the full Audit Report on the previous financial year, prepared by the Organization’s external financial auditor, together with the Secretary General’s comments thereon and, on the basis of that Report and the audited accounts for the previous financial year, to recommend, if appropriate, that the Council approves those accounts, accepts the Secretary General’s proposals for the apportionment of the result of the profit and loss account, and acquits the Secretary General of his financial responsibilities for the previous financial year;
(ii) to consider in respect of the financial year in progress the situation with regard to the receipt of Members’ contributions and capital subscriptions, the execution of the budget and the cash flow situation and, where appropriate, to advise the Council of measures to be taken and to look into the financial implications of any new tasks assigned to the Secretariat and not included in the budget appropriations approved by the Council, and to make recommendations to the Council concerning the financing of those tasks;
(iii) to consider Members’ contributions for the next financial year, taking into account the work plan and program budget, and, as appropriate, to recommend through the Executive Committee to the Council for adoption: the amount of yearly contributions, the general operating expenses and an estimated profit and loss account and balance sheet for the next financial year;
(iv) to analyze the financial implications of implementing the work plan and to report the assessment to the Executive Committee and the Council;
(v) to participate in the process for selecting the external financial auditor and to consider the results of the external financial audit;
(vi) to examine and, where appropriate, to make recommendations to the Council on the medium-term financial perspectives or multi-year budgeting of the Organization; and
(vii) to examine and, where appropriate, to make recommendations to the Council on the Organization’s financial investments and income and on alternative sources of funding for the Organization.
- Citeren als
- Art. 12
- Status
- Geldend recht
- Identificatie
- BWBV0006825
- Officiële bron
- wetten.overheid.nl