B.12/36: Term of Board Membership
The Board, having reviewed the document GCF/B.12/25/Rev.01 titled “Term of Board Membership”,
- Decides that the terms for members and alternate members of the Board are to be aligned to the calendar year;
- Also decides, on an exceptional basis, without setting a precedent and for practical and pragmatic reasons only, that the current term for members and alternate members of the Board will end on 31 December 2018 and that the next term for members and alternate members of the Board will start on 1 January 2019;
- Decides that the term of membership for members and alternate members of the Board appointed to the Accreditation Committee, the Investment Committee, the Risk Management Committee and the Private Sector Advisory Group will be three years;
- Also decides, on an exceptional basis, without setting a precedent and for practical and pragmatic reasons only, that the current term of membership for the committees and groups referred to in paragraph (c) above and the Budget Committee established pursuant to decision B.12/37 will end on 31 December 2018;
- Further decides that the current two‐year term for the representatives of the active observers from civil society organizations and private sector organizations formally commenced on 1 January 2016 and will end on 31 December 2017;
- Decides to delete the text contained in Rule 7 of the Rules of Procedure of the Board and replace it with the following: “The term of the two Co‐Chairs is for one year starting on 1 January of the calendar year immediately following their election by the Board. They shall continue their functions until the term of their successors has commenced or, if later, once they have been elected”; and
- Requests the Secretariat to publish the revised consolidated Rules of Procedure of the Board on the GCF website.