Audit and Finance Committee
The Board has announced the appointment of 33 members on its three standing committees for two-year terms that started on 11 May 2018. The announcement was made at the in-person Board meeting on 9–10 May. The terms of the current members of the committees expired at the Board meeting.
The Board also tasked the Ethics and Governance Committee (EGC) with reviewing the process for selecting the leadership and members of the committees.
The Global Fund Board has adopted a set of “principles” governing the selection of LFAs (some of the principles are really policies); has delegated to the Audit and Finance Committee (AFC) the authority to modify the principles; and has delegated to the Secretariat the authority to establish the procedures for procurement of LFA services. The principles were recommended by the Secretariat and endorsed by the AFC.
Since the Global Fund established key performance indicators (KPIs) and targets several years ago, they have been challenging for the Secretariat to generate, update and report on. They have also been challenging for the Board to oversee.