The Board of Supervisors (BoS)
are responsible for the overall
management of the assets and operations
of FAF-DC and have the following main
responsibilities
Recruitment
of Chief Executive Officer (CEO);
Appointment
of members of the Internal
Audit Committee;
Recommendation of strategy
plans and business plans,
inclusive of budget and
forecasts, for shareholder
approval
Recommendation of audited
annual accounts and annual
reports for shareholder
approval;
Approval of
projects to be
funded/supported apart from
what is approved by
Management;
Preparation/approval of
Operational Policies,
inclusive of accounting
manual, signatory rules etc.
BoS
usually have four annual meetings but
may have more meetings if needed and
necessary. There should be between 6
(six) and 21 (twenty one) BoS members.
The Members of the Board of Supervisors
of FAF-DC
The Deputy Minister of Finance
Chairman
The representative from the
Ministry of Interior Affairs and
Local Government
Member
The representative from the
Ministry of Agriculture and for
Consumer Protection
Member
The representative from Counsel
of Ministers –Legal Department
Member
The representative from the
Ministry of Economy, Trade and
Energy
Member
Executive Director of Mountain
Areas Development Agency
