The Board's Committees
The Board's four Committees have broad mandates as outlined below and are periodically
assigned specific tasks by the Board. The Committees are temporary in nature
and their continued mandates are reviewed by the Board at every meeting (scheduled
Committee meetings).
Download the Committee Rules and Procedures (PDF - 64 KB), for guidelines on the Committees listed below.
Committee Terms of Reference
All Committees
- Identify and evaluate all Global Fund risks relevant to the terms of reference of the committee and ensure that proper controls are in place to reduce the risks to an acceptable level.
- Provide guidance and information on the application of the Policy on Ethics and Conflict of Interest for Global Fund Institutions (COI Policy), and advise the members of the bodies and staff of the Global Fund on conflict of interest and ethics issues;
- Oversee the COI Policy and its implementation;
- Resolve differences in the interpretation of conflict of interest;
- At its discretion, bring any conflict issue it may consider necessary to the Board for discussion and determination;
- Keep appropriate written records of its activities;
- Report annually to the Foundation Board;
- Take such other actions as are consistent with the Global Fund Bylaws, Board Operating Procedures, COI Policy and these Rules, as are necessary and appropriate for achieving the objectives of the Committee; and
- Review the Secretariat’s bi-annual report of secondment staff appointments.
Finance and Audit Committee (FAC)
- Responsible for providing advice on all policy and strategy issues relating to Finance and Audit
- Review and provide advice on the Fund’s budget for Operating Expenses, applying a rolling three year term perspective;
- Make recommendations to the Board on the annual budget proposed by the Secretariat; monitor expenditure of the budget in the course of the year and report to the Board thereon after the conclusion of each half-year;
- Recommend to the Board the selection of external auditors of the Fund, receive and consider the reports of the auditors and report to the Board thereon;
- Review the Fund’s Audited Financial Statements for each year, and make recommendations to the Board regarding the approval of the Financial Statements;
- Provide advice to the Board on the Fund’s fiscal management policies and processes, including asset-liability coverage, financial forecasts, modalities of contributions and investment policies for the Fund’s financial assets;
- Serve as the lead committee for the Office of the Inspector General and pass on OIG recommendations to the Board along with comments of the committee;
- Serve as lead committee for conducting the replenishment process.
Policy and Strategy Committee (PSC)
- Monitor and advise the Board on the core governance structures of the Fund, including processes and structures of the Board, Partnership Forum, CCMs;
- Provide advice to the Board on the evolution of core policies of the Global Fund, in areas not explicitly covered by the FAC and PC;
- Provide advice to the Board on Global Fund overall strategic planning, in areas not explicitly covered by the FAC and PC;
- Review the overall performance of the Global Fund, making use of both internal and external evaluations, and TERG reports;
- Serve as the lead committee for the TERG independent evaluation and review function and pass on TERG recommendations to the Board along with the comments of the committee, as appropriate;
- Ensure ongoing learning and evolution at the strategic level;
- Advise the Board on overall resource mobilization policy.
- Responsible for providing advice on all policy and strategy issues relating to the portfolio of grants;
- Receive regular portfolio updates from the Secretariat, including progress with grant expenditure at all levels, review performance and provide comment on program implementation;
- Receive and review updates on the status of grants managed under the Additional Safeguard Policy.
- Review all portfolio processes, including harmonization of the Global Fund procedures and processes with other support aligning with country led efforts to achieve the MDGs;
- Review and provide advice to the Board on proposal guidelines, TRP review criteria and appeal processes as well as criteria for, and recruitment of, TRP members;
- Provide advice on initiatives to facilitate the provision of technical support through the expansion of operational partnerships;
- Provide advice to the Board on grant renewal processes;
- Provide advice to the Board on procurement and supply management policies;
- Provide guidance on policies of harmonization, alignment and long term sustainability.
As amended and approved at the Fifteenth Board Meeting, April 2007
View previous Committee information, including membership.
