B.38/06: GCF compensation philosophy

The Board, having considered document GCF/B.38/06 titled “Consideration of the GCF Compensation Philosophy”:

1. Adopts the GCF Compensation Philosophy as contained in annex II;
2. Affirms that the GCF Compensation Philosophy shall serve as the foundation of the GCF salary structure and compensation framework; and
3. Recalls decision B.34/21, wherein the Board requested the Secretariat to present the GCF salary structure and compensation framework, and the revised principles-based Administrative Guidelines on Human Resources for Board consideration.