B.09/12: Initial term of Board membership

The Board, having taken note of the information presented in document GCF/B.09/20 Initial Term of Board Membership:

1. Takes note that the initial terms for members and alternate members of the Board expire on 23 August 2015;
2. Affirms that the following principles should apply if successors to the current members and alternate members of the Board or to active observers, as the case may be, are not selected by 23 August 2015:
   
   1. Members and alternate members of the Board whose terms expire on 23 August 2015 shall continue their functions until their successors have been selected;
   2. Members and alternate members of the Board serving in the capacity of members of the Accreditation Committee, the Risk Management Committee, the Investment Committee and the Private Sector Advisory Group whose terms expire in 2015 shall continue their functions until their successors have been selected;
   3. Representatives from the active observers from accredited civil society organizations and private sector organizations whose terms expire in 2015 shall continue their functions until their successors have been selected; and
   4. Successors are expected to be selected not later than 31 December 2015.
3. Requests the Secretariat to convey the principles set out in paragraph (b) above to all Parties to the United Nations Framework Convention on Climate Change;
4. Decides to consider further the principles set out in paragraph (b) above at its tenth meeting.