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Article IV : Headquarters
1.
The headquarters of the Corporation shall be situated in Bangkok, Thailand, (hereinafter referred to as the Host Country). The Corporation may also establish offices in other countries, in accordance with decisions of the Council of Members.
2.
The status, privileges, immunities, and facilities, to be enjoyed by the Corporation in the territory of the Host Country shall be the
subject of a host country agreement between the Corporation and the
Government of the Host Country, to be approved by the Council of Members. It shall correspond to the provisions contained in the appendix to the
Agreement; pending the conclusion of the host country agreement, the Government of the Host Country shall apply to the Corporation the provisions contained in the said appendix.
PART TWO : Organization
Article V : Council of Members
1. All the powers of the Corporation shall be vested in the Council of Members (hereinafter referred to as the Council).
2.
In the Council, each member State shall designate one representative (hereinafter referred to as the Representative), who shall hold office until revoked by his Government and replaced by another representative. When nominating its Representative, each member shall give due regard to the
high competence in reinsurance and in financial and economic matters
required for this office. In the Council each member shall have one vote.
By informing the Chairman in writing any member may authorize any other member to represent its interests and to cast its vote at any meeting or meetings of the Council, provided that no one member may be authorized to
cast the vote of more than one other member.
3.
The Council shall elect from among the Representatives a Chairman and a Vice-Chairman, who shall hold office for a period of two years. The
Chairman and the Vice-Chairman shall be eligible for re-election.
4. The Council shall hold an annual regular session. The session shall be
hola at the handauants pr
closing of each financial year to approve the Annual Balance Sheet, the Revenue and Profit and Loss Accourt, the Report of the Management Board and the Report of the Auditors.
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