Common use of Conference of the Parties Clause in Contracts

Conference of the Parties. (A) The Conference of the Parties will be the governing body of the Agreement. It shall meet within one year of the Agreement coming into force, and once every year after that. (B) The Conference of the Parties shall adopt at its first meeting rules of procedure and financial rules for itself and any subsidiary bodies, as well as financial provisions governing the functioning of the Conference of the Parties and the Secretariat. (C) All Parties shall have an equal voice on the Conference of the Parties. Decisions shall be taken by con- sensus. Where, after all efforts are exhausted, no consensus is deemed possible by the chair of a meet- ing, a decision may be taken by three-quarters of the Parties present and voting. (D) The Conference of the Parties shall perform the tasks assigned by the Agreement and such additional tasks as it deems appropriate for the fulfillment of the purposes of the Agreement. These tasks shall include, inter alia: i) appoint the Executive Director of the Secretariat, and instruct the Secretariat on its functions; ii) adopt Protocols and Annexes to this Agreement; iii) adopt the instruments or lists required of it in other Articles of this Agreement; iv) promote the development of qualitative standards for sustainable investments; v) establish qualitative criteria for measuring the effective contribution of investments to host state development; vi) monitor the effectiveness of this Agreement, including undertaking of a three-year review of the operation and effectiveness of this Agreement and subsequent reviews every three years; vii) establish a procedure for Parties to report on the implementation and effectiveness of the Agreement at the state level; vill) appoint such sub-organs or committees as it determines necessary for the proper functioning of this Agreement, including an Executive Committee of regionally balanced representation to over- see the management and operation of this Agreement between meetings of the Conference of the Parties, and a review and monitoring body to assist in the monitoring of this Agreement; and

Conference of the Parties. (A) The Conference of the Parties will be the governing body of the Agreement. It shall meet within one year of the Agreement coming into force, and once every year after that. (B) The Conference of the Parties shall adopt at its first meeting rules of procedure and financial rules for itself and any subsidiary bodies, as well as financial provisions governing the functioning of the Conference of the Parties and the Secretariat. (C) All Parties shall have an equal voice on the Conference of the Parties. Decisions shall be taken by con- sensus. Where, after all efforts are exhausted, no consensus is deemed possible by the chair of a meet- ing, a decision may be taken by three-quarters of the Parties present and voting. (D) The Conference of the Parties shall perform the tasks assigned by the Agreement and such additional tasks as it deems appropriate for the fulfillment of the purposes of the Agreement. These tasks shall include, inter alia: i) appoint the Executive Director of the Secretariat, and instruct the Secretariat on its functions; ii) adopt Protocols and Annexes to this Agreement; iii) adopt the instruments or lists required of it in other Articles of this Agreement; iv) promote the development of qualitative standards for sustainable investments; v) establish qualitative criteria for measuring the effective contribution of investments to host state development; vi) monitor the effectiveness of this Agreement, including undertaking of a three-year review of the operation and effectiveness of this Agreement and subsequent reviews every three years; vii) establish a procedure for Parties to report on the implementation and effectiveness of the Agreement at the state level; vill; viii) appoint such sub-organs or committees as it determines necessary for the proper functioning of this Agreement, including an Executive Committee of regionally balanced representation to over- see the management and operation of this Agreement between meetings of the Conference of the Parties, and a review and monitoring body to assist in the monitoring of this Agreement; and ix) adopt interpretative statements concerning the interpretation of this Agreement. (E) The United Nations and its specialized agencies, the World Trade Organization, the World Bank and its component agencies, any other inter-governmental organization whose work is impacted by this Agreement, as well as any state not Party to this Convention, may be represented at meetings of the Conference of the Parties as observers. Any body or agency, whether national or international, gov- ernmental or non-governmental, qualified in matters covered by the Convention, and which has informed the Secretariat of its wish to be represented at a meeting of the Conference of the Parties as an observer, may be admitted unless at least two-thirds of the Parties present object. The admission and participation of observers shall be subject to the rules of procedure adopted by the Conference of the Parties.