B.BM-2020/04: Implementation of the performance evaluation and performance-related pay systems for Board-appointed officials

The Board, having considered document GCF/BM-2020/05 titled “Implementation of the performance evaluation and performance-related pay for Board-appointed officials”:

1. Confirms the need to engage an independent external human resources firm to provide specialist support to the Performance Oversight Committee in the conduct of the performance evaluation of the Heads of Independent Units and the Executive Director and the implementation of the pay increase system;
2. Endorses the terms of reference of the independent external human resources firms as set out in annex I to this document;
3. Decides that the Performance Oversight Committee, with support by the Secretariat, will engage the independent external human resources firm consistent with GCF procurement guidelines;
4. Approves the performance evaluation and performance-related pay systems as set out in annexes II and III;
5. Endorses the 360-degree methodology described in annex III as the assessment tool to be adopted for Board-appointed officials for development purposes; and
6. Approves the provision of an annual budget of USD 60,000 to implement the performance evaluation and performance-related pay systems.