B.12/22: Process for the Appointment of the Executive Director

The Board, having reviewed the proposition of the Executive Director Selection Committee,

  1. Notes the decision of the Executive Director to complete her current term in office, and not to seek an appointment for the second term at the end of the three‐year term;
  2. Acknowledges with appreciation the contributions of the Executive Director to the establishment of the Fund’s Secretariat at its headquarters in Songdo, Republic of Korea, and the operationalization of the Fund, including the significant role of the Executive Director in the Initial Resource Mobilization process; and looks forward to working with the Executive Director until the completion of her term;
  3. Requests the Co‐Chairs to agree a set of objectives with the Executive Director to cover the remainder of the term, and to share them with the Board;
  4. Establishes the ad hoc Executive Director Selection 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;
  5. Adopts the terms of reference of the Executive Director Selection Committee as set out in annex III;
  6. Requests the Executive Director Selection Committee to develop a performance framework for the Executive Director;
  7. Appoints as members of the Executive Director Selection Committee:
    1. Mr. Omar El‐Arini;
    2. Mr. Anton Hilber;
    3. Ms. Caroline Leclerc;
    4. Mr. Leonardo Martinez‐Diaz;
    5. Mr. Jorge Ferrer Rodriguez; and
    6. Mr. Ayman Shasly;
  8. Adopts the updated terms of reference of the Executive Director as set out in annex IV;
  9. Adopts the selection process for the Executive Director as set out in annex V;
  10. Takes note of the indicative timeline of the entire process for the appointment of the Executive Director as set out in annex VI;
  11. Decides to engage the services of an independent executive search firm to support the Executive Director Selection Committee;
  12. Endorses the terms of reference of the independent executive search firm as set out in annex VII; and
  13. Approves a budget increment for 2016 for the selection of the Executive Director, including the costs of the independent executive search firm as set out in an annex, which has been shared as limited distribution.