Article 4U.K.

1.The Agency shall have a Governing Board composed of one representative from each Member State and two representatives of the Commission.

2.The Member State representatives shall be appointed by the Member State concerned, paying due regard to experience and qualifications relevant to the Agency's activities.

3.The term of office of representatives shall be thirty months.

4.The Governing Board shall be chaired by a Commission representative. The Chairman shall not vote.

5.The EIB shall appoint a non-voting observer.

6.The Governing Board shall adopt its rules of procedure.

7.The Commission and Member State representatives on the Governing Board shall each have one vote.

Governing Board decisions shall be adopted by a two-thirds majority.

8.The Governing Board shall determine by unanimous decision the rules governing the languages used by the Agency.

9.The Governing Board shall be convened by the Chairman whenever necessary, and at least once every three months. It shall also be convened at the request of the Agency's Director or at least a simple majority of its members.

10.The Governing Board shall be kept informed by the Director of the strategy framework, the multiannual programme and the annual action programme referred to in Article 3(1) of Regulation (EC) No 2666/2000, which shall include Community assistance [F1to the] [F2 [F3to Serbia and Montenegro] and to the Former Yugoslav Republic of Macedonia] as well as the list of projects to be implemented.

11.The Director shall regularly report to the Governing Board on the progress of implementation of projects. The Governing Board may then approve recommendations concerning:

(a)conditions for implementation and proper execution of projects

(b)possible adjustments to projects currently being executed

(c)individual projects which may be particularly sensitive.

12.The Director shall regularly report to the Governing Board on the functioning and activities of the operational centres set up in accordance with Article 3. The Governing Board may approve recommendations to this effect.

13.On a proposal from the Director, the Governing Board shall decide on:

(a)arrangements for evaluating the implementation and proper execution of projects;

(b)proposals for programmes by the other donors referred to in Article 2(3) for possible implementation by the Agency;

(c)setting the multiannual contractual framework with the provisional authority responsible for the administration of Kosovo, for implementation of the Community assistance referred to in Article 1(3) of Regulation (EC) No 2666/2000;

(d)whether representatives of the countries and organisations delegating implementation of their programmes to the Agency should be present as observers on the Governing Board;

(e)the establishment of new operational centres in accordance with the second subparagraph of Article 3.

[F414. The Governing Board shall adopt the annual report on the Agency's activities and forward it by 15 June at the latest to the European Parliament, the Council, the Commission and the Court of Auditors.

15. The Agency shall forward annually to the budgetary authority any information relevant to the outcome of the evaluation procedures.]

Textual Amendments