Common use of Council of Parties Clause in Contracts

Council of Parties. 1. The Council of Parties shall consist of representatives of the Parties to this Agreement. 2. The Council of Parties shall: (a) elect the members of the Board of Directors for a renewable term of four years; (b) adopt the Centre's financial regulations; (c) adopt the work programme and annual budget of the Centre; (d) establish a Financial Advisory Committee to advise the Board of Directors and the Secretariat on financial and budgetary matters; (e) appoint the independent external auditors; (f) nominate, on the basis of the proposal of the Board of Directors, the members of major religions and faith-based and cultural institutions to the Advisory Forum; (g) approve international agreements; (h) approve the establishment of cooperative relationships in accordance with Article X; (i) adopt the Council of Parties’ rules of procedure; (j) appoint the Secretary-General and the Deputy Secretary-General for a renewable period of four years; (k) elect its officers, including its Chairperson and two Vice- Chairpersons; (l) decide on the admission of new Parties to this Agreement; and (m) decide on the admission of Observers. 3. The Council of Parties shall meet at least once a year and the quorum for such meetings shall be not less than three quarters of the Parties. Unless otherwise provided by this Agreement, the Council of Parties shall take its decisions by a majority vote of the Parties. Each Party shall have one vote. 4. The election of the members of the Board of Directors in accordance with paragraph 2 (a) and the admission of new Parties or Observers in accordance with paragraph 2 (l) or (m) shall require the consensus of the Parties.