B.05/13: Committees and panels: Terms of reference and establishment of committees and panels

The Board, having reviewed document GCF/B.05/13 Terms of Reference and Establishment of Committees and Panels:

1. Establishes the Risk Management Committee as a committee of the Board in accordance with decision B.04/08 and paragraphs 2 (g) and 30 of the Rules of Procedure of the Board;
2. Adopts the Terms of reference of the Risk Management Committee as set out in Annex XVI to this document;
3. Establishes the Investment Committee as a committee of the Board in accordance with decision B.04/08 and paragraphs 2 (g) and 30 of the Rules of Procedure of the Board;
4. Adopts the Terms of reference of the Investment Committee as set out in Annex XVII to this document;
5. Establishes the Ethics and Audit Committee as a committee of the Board in accordance with paragraphs 2 (g) and 30 of the Rules of Procedure of the Board;
6. Adopts the Terms of reference of the Ethics and Audit Committee as set out in Annex XVIII to this document;
7. Appoints the following Board members/alternate members as members of the Ethics and Audit Committee for its first term:
   
   1. Mr. Omar El‐Arini, Committee member;
   2. Ms. Ana Fornells de Frutos, Committee member;
   3. Ms. Beata Jaczewska, Committee member;
   4. Mr. Matthew Kotchen, Committee member;
   5. Mr. Ayman M. Shasly, Committee member; and
   6. Mr. Kwang‐Yeol Yoo, Committee member;
8. Establishes the Private Sector Advisory Group as a panel of the Board in accordance with decision B.04/08 and paragraphs 2 (o) and 32 of the Rules of Procedure of the Board;
9. Adopts the Terms of reference of the Private Sector Advisory Group as set out in Annex XIX to this document;
10. Appoints the following Board members/alternate members to the Private Sector Advisory Group for its first term in accordance with the Terms of reference as set out in Annex XIX to this document:
    
    1. Mr. Zaheer Fakir, panel member;
    2. Mr. Anton Hilber, panel member;
    3. Mr. Farrukh Iqbal Khan, panel member; and
    4. Mr. Matthew Kotchen, panel member;
11. Requests the Secretariat to initiate an open call for nominations, including from Board members, for the selection of four private sector representatives from developing countries, four private sector representatives from developed countries, and two civil society representatives, for membership of the Private Sector Advisory Group during its first term, in accordance with the Terms of reference as set out in Annex XIX to this document, with the appointment of nominated representatives subject to the approval by the Co‐Chairs;
12. Requests the Secretariat to convene the first meeting of the Ethics and Audit Committee and the Private Sector Advisory Group, in consultation with their respective Chairs, via videoconference prior to the first meeting of the Board in 2014; and
13. Invites the Ethics and Audit Committee and Private Sector Advisory Group to develop and present to the Board, at its first meeting in 2014, agreed work plans for their first 12 months of operation, which should take into account the Terms of reference, as set out in Annexes XVIII and XIX to this document, respectively.