The executive body of the Institute, acting on the instructions of the Board of Trustees, is the Executive Committee, presided over by the chairman of the Board of Trustees. All members of the committee are designated by the trustees and are elected for renewable periods of five years. It is up to the Committee to supervise fulfilment of the objectives and budgets of the Board of Trustees, to approve those events not specified in the Annual Programme but considered to be in the interest of the Institute, to propose new trustees and to examine the grounds on which agreements and protocols can be subscribed to. It also decides how available funds are distributed and applied, within the guidelines laid down by the Board of Trustees.
|
