Chapter V: The Governing Board

Composition
 Article 10.

1. The Governing Board shall consist of 8 members, to be determined as follows:

   1. Four members by right:

      • The heads of the Supreme Audit Institutions of the countries where the last two ordinary sessions of the Congress were held.

      • The Head of the Supreme Audit Institution of the country where the next ordinary session of the Congress is to take place.

      • The Secretary General of EUROSAI.

   2. Four members elected by Congress for a duration of six years from the Heads of other member Supreme Audit Institutions of EUROSAI; two members will be elected every three years. The members may not be re-elected for the period immediately following their term of office.

   In order to ensure a well-balanced representation of all members, every effort should be made to ensure distribution of seats in such a way that:

   • geographic differences in Europe are respected, taking into account the members by right.

   • the main types of audit of public finances adopted by the various Supreme Audit Institutions are actually represented in the Governing Board.

   If the number of candidates surpasses the number of posts to be occupied, a vote by secret ballot will be held.

   If, at the conclusion of the first round, there are not sufficient candidates with an absolute majority of votes of the members represented at the Congress, a second round will take place, at the conclusion of which the candidates obtaining the highest number of votes will be elected.

   The head of Supreme Audit Institution of the country where the last ordinary session of the Congress was held will be President of the Governing Board.

   The head of the Supreme Audit Institution of the country where the next ordinary session of the Congress is to take place will be the Vice-President of the Governing Board.The Governing Board nominates a second Vice-President among elected members.

2. The term of office of the Governing Board will begin at the end of each ordinary meeting of the Congress.

3. At least four members of the Governing Board must be present at the meeting to form a quorum.

4. The Governing Board shall meet at least once a year.

5. The Governing Board shall take its decisions by a majority of votes cast. Each member of the Governing Board shall dispose of one vote. The Chairman has the casting vote in cases where the members of the Governing Board have failed to reach a majority decision.

6. The Heads of the Supreme Audit Institution who are members of the Governing Board of INTOSAI and are members of EUROSAI may be represented at EUROSAI Governing Board meetings as observers.

Powers and Responsibilities
Article 11.

The Governing Board shall have the following responsibilities:

1. to oversee the fulfilment of the Statutes of the EUROSAI.

2. to adopt the decisions necessary for the functioning of EUROSAI, in accordance with the guidelines established by the Congress.

3. to adopt the draft budget and to submit it to the Congress.

4. to draft directions for the preparation and presentation of financial statements by the Secretariat and for their audit by the Auditors.

5. to submit the accounts, together with the Auditors' report and its own comments to the Congress for approval.

6. to submit a report on EUROSAI activities to each ordinary session of the Congress.

7. to fulfil any other duties entrusted to them by the Congress.

The Chairman
Article 12.

The President of the Governing Board shall represent EUROSAI.