Board decisions

The Board, having reviewed document GCF/B.12/Inf.06 titled “Progress and outlook report of the Readiness and Preparatory Support Programme,

1. Requests the Secretariat to prepare a document for consideration by the Board at its thirteenth meeting, which identifies alternative arrangements to readiness grant agreements aimed at disbursing readiness grants, including those outlined in annex VI to document GCF/B.12/Inf.06, and also identifies obstacles faced by countries;
2. Requests the Secretariat to provide advance payments up to a limit of USD 50,000 to countries or their delivery partners that have signed readiness grant agreements where, in the judgement of the Secretariat, lengthy domestic processes are required to conclude the agreement, until a decision is taken regarding paragraph (a) above;
3. Decides to defer its consideration of the review of the resource allocation of the readiness programme until its thirteenth meeting, in accordance with decision B.11/04,paragraph (h), and decision B.08/11, paragraph (h);
4. Requests the Co‐Chairs to undertake consultations with the Board, national designated authorities, focal points, accredited entities and delivery partners to present a recommendation based on paragraph (c) above, for consideration by the Board at its thirteenth meeting;
5. Decides to defer the consideration of the improvement and simplification of the process to access the readiness programme, as mandated in decision B.11/04, to its thirteenth meeting;
6. Requests the Co‐Chairs to undertake consultations with the Board, national designated authorities, focal points, accredited entities and delivery partners, and to present a recommendation on paragraph (e) above for consideration by the Board at its thirteenth meeting;
7. Decides to amend decision B.08/11, annex XVIII, section 1.1, paragraph (a), by replacing the words "two‐year period" with "one‐year period"; decision B.08/11, annex XVIII, section 1.1, paragraph (d)(i), first bullet point by replacing the words "two‐year" with "one‐year", and decision B.08/11, annex XVIII, section 1.2, (a)(iv) by replacing limitations (i) and (ii) with "an annual cap of USD 100,000 for stakeholder meetings";
8. Requests the Secretariat to present, for consideration by the Board at its thirteenth meeting, a proposal on the activities to be covered by the Readiness and Preparatory Support Programme in relation to support for accredited direct access entities. The proposal may include building their capacities in areas related to adaptation, mitigation, environmental and social safeguards, gender, and monitoring and evaluation. The proposal should take into account lessons learned about the accreditation process from the experiences of direct access entities;
9. Also requests the Secretariat, in consultation with the Co‐Chairs, to present the Country ownership guidelines as referred to in decision B.10/10, paragraph (d), for consideration by the Board at its thirteenth meeting; and
10. Also requests the Secretariat, in its progress report to the Board, to include updates on the regional workshops to be organized, on the development of regional hubs, on strengthening expertise in regions to support countries, and an overview of activities being undertaken by readiness partners.

The Board, having considered document GCF/B.12/13 titled “Further development of indicators in the performance measurement frameworks”,

1. Decides to defer consideration of further development of indicators in the performance measurement frameworks as contained in document GCF/B.12/13 to the thirteenth meeting of the Board;
2. Invites submissions from Board members and alternate Board members, as well as active observers, on document GCF/B.12/13 no later than 10 April 2016; and
3. Requests the Secretariat to facilitate a technical consultation on document GCF/B.12/13 prior to the consideration by the Board of this matter at its thirteenth meeting.

The Board, having reviewed document GCF/B.12/17 “Initial risk management framework: risk register, risk appetite update and Initial risk guidelines for credit and investment”:

1. Adopts the risk register as contained in annex XXVIII and requests the Risk Management Committee to review probability, impact and resulting priorities prior to the thirteenth meeting of the Board. The risk register will be updated at least once a year;
2. Takes note of the development of the other elements of the risk management framework;
3. Also takes note of the progress in developing the risk appetite of the GCF;
4. Reiterates that the GCF is an institution promoting the paradigm shift, in the context of sustainable development, towards low‐emission and climate‐resilient development pathways, and acknowledges that this involves taking risks that other institutions/funds may not be able or willing to take;
5. Requests the Secretariat, in consultation with the Risk Management Committee, to present the Interim risk and investment guidelines at the thirteenth meeting of the Board with revised financial instrument parameters;
6. Decides that the Interim risk and investment guidelines will expire the earlier of (i) the fifteenth meeting of the Board, or (ii) at the adoption of an updated set of risk policies and guidelines;
7. Requests the Risk Management Committee, with support from the Secretariat, to prepare and present to the Board for its consideration, no later than the fifteenth meeting of the Board, an updated set of risk policies and guidelines that include internal risk ratings methodologies, which should consider a differentiation of risks between adaptation and mitigation;
8. Further requests the Secretariat to monitor and report to the Board at each Board meeting:
   1. The amount of GCF funding approved;
   2. The amount of GCF funding approved plus the submitted amount for approval at the specific Board meeting;
   3. The accumulated fund disbursed by each accredited entity, country and result area, and
   4. Any changes in priorities of the risk register; and
9. Takes note that the Secretariat will produce risk manuals for the GCF financial instruments, asset and liability management, liquidity, and market risk before the end of 2016;
10. Recognizes that while the GCF monitoring and accountability framework for accredited entities as set out in annex I to decision B.11/10 requires accredited entities to provide annual performance reports, including financial management reports, to the GCF, the GCF is required to prepare financial risk management summaries on a quarterly basis pursuant to annex II to decision B.07/05. Accordingly, such summaries may only reflect the risk categories applicable to the performance and projects of accredited entities on an annual basis; and
11. Requests the Secretariat to recruit, as a matter of urgency, staff with risk management expertise.

The Board, having reviewed the document GCF/B.12/24 titled “Comprehensive information disclosure policy of the Fund”,

1. Adopts the Information disclosure policy of the Green Climate Fund as set out in annex XXIX (the “Policy”);
2. Requests the Ethics and Audit Committee, once the environmental and social management system is developed, to review the relevant disclosure requirements under the Policy and make appropriate recommendations to the Board;
3. Decides that, pending the constitution of the Information Appeals Panel, under the Policy, the Ethics and Audit Committee will fulfil such a role on a temporary basis until the Information Appeals Panel shall have become operational;
4. Decides that formal Board meetings will be webcast live until the end of 2017;
5. Requests the Secretariat to undertake a qualitative and quantitative review of the webcasting service, to include the costs involved, the views of those who have accessed it, and other information that would be useful to assess the service;
6. Notes that the Board will decide on modalities for the qualitative and quantitative review of the webcasting service no later than its sixteenth meeting, noting that data collection will begin with the first webcast; and
7. Decides that the Board will consider the review of the webcasting service no later than March 2018.

The Board, having reviewed the document GCF/B.12/25/Rev.01 titled “Term of Board Membership”,

1. Decides that the terms for members and alternate members of the Board are to be aligned to the calendar year;
2. 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;
3. 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;
4. 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;
5. 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;
6. 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
7. Requests the Secretariat to publish the revised consolidated Rules of Procedure of the Board on the GCF website.

The Board, having reviewed document GCF/B.12/26 titled “Establishment of a Budget Committee of the Board”,

1. Establishes the Budget Committee as a committee of the Board in accordance with paragraph 30 of the Rules of Procedure of the Board;
2. Adopts the terms of reference of the Budget Committee as set out in annex XXX;
3. Appoints the following Board members/alternate Board members from developing countries as members of the Budget Committee for its first term: and
   1. Mr. Omar El‐Arini;
   2. Mr. Teimuraz Murgulia; and
   3. Ms. Diann Black‐Layne;
4. Appoints the following Board members/alternate Board members from developed countries as members of the Budget Committee for its first term:
   1. Ms. Caroline Leclerc;
   2. Ms. Ludovica Soderini; and
   3. Mr. Jose Delgado.

The Board, having reviewed document GCF/B.12/18 titled “Trustee arrangements, including the review of the Interim Trustee and the initiation of a process to select the Trustee of the Green Climate Fund”,

1. Takes note of the agreement to conduct a review of the Interim Trustee three years after the operation of the GCF as set out in the Governing Instrument for the GCF;
2. Requests the Secretariat to commission an independent third party to implement the review of the Interim Trustee, in consultation with and under oversight of the Risk Management Committee; and
3. Further requests the Secretariat to ensure that in undertaking the review, the independent third party:
   1. Develops terms of reference for the review drawing from the Governing Instrument and the contract between the Secretariat and the Interim Trustee, in consultation with the Secretariat and the Interim Trustee, and endorsed by the Risk Management Committee; and
   2. Conducts the review and provides a report for the consideration of the Board by its fourteenth meeting.

The Board, having reviewed document GCF/B12/19 titled “Extension of approval period for the Administrative guidelines on procurement”,

1. Decides to approve the continued application of the Corporate procurement guidelines on the use of consultants and the Corporate procurement guidelines for goods and services, until the Board shall have approved the revised guidelines, which should be no later than the seventeenth of the Board meeting; and
2. Authorizes the Executive Director to implement the guidelines.

The Board, having considered document GCF/B.12/21 titled “Administrative Tribunal of the Green Climate Fund”,

1. Takes note of the status of preparations and the urgent need to agree upon institutional arrangements for the Administrative Tribunal of the Green Climate Fund; and
2. Requests the Secretariat to prepare a document for consideration by the Board at its thirteenth meeting setting out the two options referred to in document GCF/B.12/21. In particular, the document should set out:
   1. The structure and mandate of the International Labour Organization Administrative Tribunal, a summary of its rules of procedure, the steps which the GCF must take in order to recognize the jurisdiction of the International Labour Organization Administrative Tribunal, the expected time frame for doing so and an estimate of the annual costs associated with adopting such an approach; and
   2. Other options.

The Board,

1. Affirms that the thirteenth meeting of the Board will take place from Tuesday, 28 June 2016, to Thursday, 30 June 2016, in Songdo, Republic of Korea;
2. Reaffirms that the fourteenth meeting of the Board will take place from Tuesday, 18 October 2016, to Thursday, 20 October 2016, with these dates to be confirmed at the thirteenth meeting of the Board;
3. Decides that the fourteenth meeting of the Board will take place in Quito, Ecuador;
4. Requests the Secretariat to pursue its consultations with Ecuador with a view to concluding the required legal agreement and to making the necessary arrangements;
5. Decides that the fifteenth meeting of the Board will take place from Tuesday, 13 December 2016, to Thursday, 15 December 2016, with these dates to be confirmed at the fourteenth meeting of the Board;
6. Decides that the fifteenth meeting of the Board will take place in Apia, Samoa; and
7. Requests the Secretariat to pursue its consultations with Samoa with a view to concluding the required legal agreement and to making the necessary arrangements.

The Board, having considered document GCF/BM-2016/04 titled “Clarification of Decision B.11/11 with respect to deadlines for general conditions”:

1. Recalls that eight funding proposals were approved in Decision B.11/11, subject to the general conditions in Table 1 of the Annex I to that decision,
2. Notes that general condition (iii) under the heading ‘Conditions to be met prior to the execution of the funded activity agreement’ requires that all accredited entities must obtain all final internal approvals to implement the project or programme, and an legal opinion/certificate confirming this within 120 days after Board approval,
3. Notes further that some accredited entities can only commence internal processes to fulfil condition (iii) once an Accreditation Master Agreement (AMA) has been signed by the GCF and the accredited entity in accordance with condition (i) of the same list,
4. Decides to clarify that in respect of an accredited entity, the 120 day period in condition (iii) will only commence once an AMA has been executed between the GCF and such entity.

The Board, having reviewed document GCF/BM-2016/05 titled “Appointment of members to committees of the Board”:

1. Appoints as members of the Appointment Committee:
   1. Kate Hughes;
   2. Diann Black-Layne; and
   3. Lars Roth.
2. Also appoints as members of the Private Sector Advisory Group, for the second term:
   1. Anton Hilber;
   2. Zaheer Fakir; and
   3. Ramón Méndez
3. Further appoints as members of the Investment Committee, for a term starting on 8 July 2015:
   1. Amjad Abdulla;
   2. Nagmeldin Goutbi Elhassan; and
   3. Christian Salas.
4. Appoints Richard Muyungi as member of the Accreditation Committee, for a term starting on 18 November 2015.
5. Also appoints Maria de los Angeles Gonzalez Miranda as member of the Risk Management Committee, for a term starting on 8 July 2015 (Given that the membership of Maria de los Angeles Gonzalez Miranda of the Board terminated on 8 March 2016, her successor, Carlos Raúl Delgado Aranda, was appointed by the Board as a member of the Risk Management Committee during the twelfth meeting of the Board on 8 March 2016).

The Board, in accordance with decision B.08/20 and through a decision taken between meetings on a no-objection basis:

Approves the accreditation of the following organizations as observer organizations with the Fund:

Civil Society Organizations:

• Forest Peoples Programme (FPP)
• Freedom from Debt Coalition
• Global Greens (Verts Mondiaux)
• Indigenous Livelihoods Enhancement Partners (ILEPA)
• Labour Health and Human Rights Development
• National Council for Climate Change Sustainable Development and Public Leadership (NCCSD)
• Project Gaia, Inc (PGI)
• Rights and Resources Initiative (RRI)

Private sector organizations:

• 3BL Associates

International entities:

• International Centre for Integrated Mountain Development (ICIMOD)
• Pacific Islands Forum Secretariat (PIFS)
• Regional Community Forestry Training Center for Asia and the Pacific (RECOFTC)

The Board:

Decides that the fifteenth meeting of the Board will take place in December 2016, with the dates and venue to be confirmed at the fourteenth meeting of the Board.

The Board, having reviewed document GCF/BM-2016/01 titled “Appointment of members to Committees of the Board”:

1. Appoints as members of the Accreditation Committee, for a term starting on 18 November 2015:
   1. Diann Black-Layne; and
   2. Yingming Yang.
2. Appoints as members of the Appointment Committee:
   1. Ayman M. Shasly.
3. Appoints as members of the Executive Director Performance Review Committee:
   1. Jorge Ferrer Rodriguez.

The Board following on decision B.11/03 (d) and having reviewed document GCF/BM2015/13 titled “Appointment of members to the ad hoc group for the Strategic Plan for the Green Climate Fund”:

1. Appoints as members of the ad hoc group for the Strategic Plan for the Green Climate Fund:
   1. Mr. Amjad Abdulla;
   2. Mr. Omar El-Arini;
   3. Mr. Henrik Harboe;
   4. Mr. Leonardo Martinez-Diaz;
   5. Mr. Karsten Sach; and
   6. Mr. Christian Salas.
2. Decides that the ad hoc group for the Strategic Plan for the Green Climate Fund shall function until the earlier of:
   1. The twelfth meeting of the Board having ended; and
   2. The Board having decided to terminate the ad hoc group.

The Board, having considered document GCF/B.11/13 titled “Comparison of salary levels for comparable positions at other specialized global funds for the Heads of Accountability Units”:

1. Takes note of the information on the comparison of salary levels for comparable positions at other specialized global funds; and
2. Decides that the appointment level for the Heads of Accountability Units will range from IS-6 to IS-8 taking into account the candidate’s work experience, current position and educational background.

The Board, having considered document GCF/B.11/21 titled “The financial statements of the Green Climate Fund for the year ended 31 December 2014 and Annual Report 2014/15”:

1. Approves the financial statements of the Green Climate Fund (GCF) for the year ended 31 December 2014 as contained in Annex I to this decision; and
2. Takes note of the GCF Annual Report 2014/15 as contained in Annex II to this decision.

The Board, having considered document GCF/B.11/Inf.07/Rev.01 titled “Strategic plan for the Green Climate Fund (progress report)”:

1. Takes note of the submissions made by Board members and constituencies (document GCF/B.11/Inf.07/Rev.01) as requested by decision B.10/14;
2. Notes convergence on the importance and need to set out a strategic plan for the Green Climate Fund (GCF) in order to further operationalize the Governing Instrument for the GCF and guide the GCF as a continuously learning institution in further developing its operational modalities, with a view to achieving its overarching objective to promote the paradigm shift towards low-emission and climate-resilient development pathways in the context of sustainable development;
3. Also notes convergence that the strategic plan should:
   1. Be guided by the Governing Instrument and the objectives and guiding principles laid out therein, including the arrangements with the Conference of the Parties to the United Nations Framework Convention on Climate Change, as per decision GCF/B.05/16, as well as build on the progress already made through previous Board decisions;
   2. Be a living document to be reviewed and updated on a regular basis, as determined by the Board;
   3. Clearly articulate to the world the vision and operational priorities of the GCF, thereby making it more accessible to countries and strengthening its partnerships with national designated authorities/focal points and accredited entities;
   4. Identify opportunities, policy gaps and challenges in operationalizing these objectives and guiding principles;
   5. Present an action plan for the implementation of strategic measures to address these opportunities, gaps and challenges in order to strengthen the GCF as the distinctly transformational, high-impact, country-owned, dedicated climate fund, operating at scale; and
   6. With regard to the strategic measures referred to in paragraph (c) (v) above, place a particular focus on:
      1. Allowing the GCF to scale up its investments in developing countries with the objective of tapping its full potential to promote urgent and ambitious actions enhancing climate change adaptation and mitigation in the context of sustainable development, and to maximize engagement with the private sector;
      2. Setting out the approach of the GCF to programming and investing the Initial Resource Mobilization resources, while striving to maximize the impact of its funding for adaptation and mitigation, and seek a balance between the two;
      3. Ensuring that the GCF is responsive to developing country needs and priorities, while ensuring country ownership, enhancing direct access, ensuring fast disbursement, implementing a gender-sensitive approach, supporting multi-stakeholder engagement, ensuring the effective use of funds and enhancing transparency;
4. Decides to establish an ad hoc group of members of the Board/alternate members of the Board consisting of three developing country members (Mr. Omar El-Arini, two additional names to be added) and three developed country members (Mr. Henrik Harboe, Mr. Leonardo Martinez-Diaz, and Mr. Karsten Sach) to oversee and guide the Secretariat’s preparation of the strategic plan;
5. Requests the Secretariat to facilitate the work of the ad hoc group;
6. Also requests the ad hoc group of members to base their deliberations in particular on the submissions made by members and the comments made at the eleventh meeting of the Board and to ensure an inclusive engagement process with all Board/alternate members;
7. Invites members of the Board/alternate members of the Board, active observers and observer organizations to make submissions to the Secretariat on the elements contained in paragraph (c) above by 1 December 2015;
8. Requests the Secretariat to publish all submissions on the GCF website;
9. Decides to hold an informal meeting of the Board open to active observers well before the twelfth meeting of the Board that would address the strategic plan as one of the key issues for its consideration, and requests the ad hoc group to present an initial draft and guiding questions requiring further consideration by the Board as input to the informal discussions of the Board. In this regard, the Board requests the Secretariat to make the necessary arrangements; and
10. Requests the Secretariat, under the direction and guidance of the ad hoc group of members of the Board/alternate members of the Board, to present a strategic plan for the GCF for consideration and possible approval by the Board at its twelfth meeting

The Board, having reviewed document GCF/B.11/06 titled “Readiness programme implementation (progress report)”:

1. Takes note of the information presented in document GCF/B.11/06;
2. Reaffirms that readiness and preparatory support is a priority for the Green Climate Fund (GCF) in order to enhance country ownership, ensure a strong pipeline and provide sustained support for building institutional capacity to enable direct access, and emphasizes that the execution of the readiness programme should take into account different national circumstances;
3. Recalls that, in accordance with decision B.08/11, paragraph (j), progress in meeting the objectives of the readiness and preparatory support programme will be subject to an independent evaluation;
4. Underscores the importance of significantly increasing the approval and timely disbursement of resources to support developing countries in undertaking country programming processes, and strengthening national institutions from the public and private sectors to access the GCF and to build country programmes and pipelines;
5. Requests the Secretariat, in consultation with national designated authorities and focal points and readiness delivery partners, to present to the Board at its twelfth meeting a proposal to improve and simplify the process to access funds for country programming and readiness and preparatory support;
6. Decides that an additional USD 14 million is to be made available for the execution of the readiness and preparatory support programme, including the activities referred to in paragraphs (b) and (d) above;
7. Reaffirms that the GCF, through its readiness and preparatory support programme, in coordination with other programmes and channels, may support a voluntary country-driven national adaptation planning process in accordance with paragraph 40 of the Governing Instrument for the GCF and decision B.08/11;
8. Decides to review the interim readiness funding allocation system at its twelfth meeting, in accordance with decision B.08/11, paragraph (h);
9. Requests the Secretariat to present, for consideration by the Board at its twelfth meeting, a revised allocation system for readiness and preparatory support taking into account the needs and priorities of developing countries and in line with decision B.06/06; and
10. Also requests that the revised allocation system for readiness and preparatory support includes an information note on how the GCF can support developing countries in their voluntary national adaptation planning processes, including activities for which the funds can be used.

The Board, having reviewed document GCF/B.11/Inf.05 titled “Status of the Initial Resource Mobilization process”:

1. Takes note of the information presented in document GCF/B.11/Inf.05;
2. Urges contributing countries to confirm their pledges to the Green Climate Fund (GCF) in the form of fully executed contribution agreements/arrangements as soon as possible;
3. Requests the Secretariat to prepare, for consideration by the Board at its fifteenth meeting, a document for understanding and defining alternative sources of financial inputs to the GCF that would be additional to current contributions, in accordance with decision B.05/04, paragraph (f); and
4. Also requests the Secretariat to develop, for consideration by the Board at its fourteenth meeting, policies and procedures for contributions from philanthropic foundations and other non-public and alternative sources to the Initial Resource Mobilization process, in accordance with decision B.08/13, annex XIX, paragraphs 5, 6 and 7, including a due-diligence process for these contributions.

The Board:

1. Decides on the need to undertake and conclude a review of the performance of the Executive Director by the first meeting of the Board in 2016;
2. Establishes an Executive Director Performance Review Committee as an ad hoc committee of the Board in accordance with paragraphs 2(g) and 30 of the Rules of Procedure of the Board;
3. Adopts the terms of reference of the Executive Director Performance Review Committee, as set out in Annex I to this decision;
4. Appoints as members of the Executive Director Performance Review Committee:
   1. Mr. David Kaluba;
   2. Ms. Caroline Leclerc;
   3. Ms. Andrea Ledward; and
   4. Mr. Yingming Yang;
5. Reaffirms the terms of reference, including the job description and qualifications, for the Executive Director adopted by decision B.01-13/07 (Annex XVI to the decision), which will guide the performance review of the Executive Director;
6. Adopts the methodology for the performance review set out in Annex II to this decision;
7. Decides to engage the services of an independent external evaluation firm to support the Executive Director Performance Review Committee;
8. Endorses the terms of reference of the independent external evaluation firm, as set out in Annex III to this document;
9. Decides that the Executive Director Performance Review Committee will engage the independent external evaluation firm following a procurement process in accordance with the GCF procurement guidelines and supported by the Secretariat; and
10. Approves a budget for the performance assessment process of the Executive Director, including the costs of the independent external evaluation firm of up to USD 20,000.

The Board, having reviewed document GCF/B.11/20 titled “Update to administrative guidelines on corporate procurement”:

1. Decides to extend the period of application of the Corporate Procurement Guidelines on the Use of Consultants and the Corporate Procurement Guidelines for Goods and Services, as approved by the Board in decision B.08/21, to the end of its twelfth meeting;
2. Further decides that the Board will review the guidelines at its twelfth meeting; and
3. Authorizes the Executive Director to implement the guidelines.

The Board, having reviewed document GCF/B.11/12 titled “Administrative Budget of the Green Climate Fund for 2016–2018”:

1. Notes the proposed administrative budget of the Green Climate Fund (GCF), for the period from 1 January 2016 to 31 December 2016, as set out in Annex to document GCF/B.11/12;
2. Approves an administrative budget for the GCF of USD 29,157,227 as per the annex to this decision;
3. Requests the Secretariat to present a revised staff structure of the Secretariat and budget proposal for the GCF that responds to the strategic plan for the GCF for consideration by the Board at its thirteenth meeting; and
4. Decides to establish a Budget Committee as a standing committee of the Board, in accordance with paragraph 30 of the Rules of Procedure of the Board, and requests the Secretariat to present terms of reference of the Committee for consideration by the Board at its twelfth meeting.