The Board hereby delegates to each of the Chair and Vice-Chair of the Board and the Executive Director, individual signature authority on behalf of the Global Fund.
The Board hereby authorizes the Executive Director to:
further delegate his signature authority to Secretariat staff, who may exercise such authority in sole or joint capacities as may be necessary and appropriate for the day-to-day management of the operations of the Global Fund under the direction of the Executive Director and in accordance with the applicable regulations of the Global Fund; and
memorialize such delegations of signature authority and any limitations or conditions applicable thereto in proxies and/or signature authority regulations.
The Board hereby affirms the further delegation of individual signature authority, in accordance with the Executive Director’s issuance of proxies and/or signature authority regulations, to each of the Chief of Staff and the Chief Financial Officer of the Global Fund.
This decision supersedes the Board’s delegation of signature authority contained in Decision Point GF/B19/DP23 (May 2009).
Budgetary implications of this decision are included in the annual OpEx