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Article VIII : Management Board
1.
There shall be a Management Board consisting of the Chairman and the
Vice-Chairman of the Council, as well as the General Manager and the Assistant
General Manager of the Corporation.
2. The Management Board shall instruct the General Manager and the Assistant
General Manager on how to direct the affairs of the Corporation in conformity
with the general directives of the Council. The Chairman and the Vice-Chairman
of the Council shall represent the Council in the Management Board. The
Management Board and each of its members shall be responsible to the Council.
Article IX : Staff of the Corporation
1.
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Neither the General Manager, nor the Assistant General Manager, nor
the Corporate Secretary, nor the other members of the staff of the Corporation
shall have any financial interest in the insurance and reinsurance industry
whilst under contract to the Corporation.
2. In the performance of their duties, neither the General Manager, nor
the Assistant General Manager, nor the Corporate Secretary, nor the other
members of the staff of the Corporation shall seek or receive instructions
from any Government or person or authority other than the Council or a
person acting on behalf of the Council under the terms of the present
Agreement. They shall refrain from any action which might reflect on their
position as international officials responsible only to the Council.
Each
member State undertakes to respect the exclusively international character
of the responsibilities of the staff of the Corporation and not to seek to
influence them in the discharge of their responsibilities.
Article X : General Manager
1.
The General Manager of the Corporation shall be appointed by the
Council by a qualified majority vote. He shall be a person of the highest
integrity and competence in the field of insurance, reinsurance and
management. He shall be a national of a member State but not a national
of the Host Country. The term of office of the General Manager shall be
for a period of five years, which may be renewed for such a period as the
Council of Members determines. The Council shall determine the terms and
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