Key points
- Mr Andrzej Przybycin of Poland was re-elected Chair and Mr Ye Minn Thein of Myanmar was re-elected Vice Chair on Monday 9 July 2018.
- The Finance Committee meets 9-12 July to consider the Authority’s proposed budget for 2019-2020 and cost-saving measures.
- The Committee will also review rules for equitable sharing of financial and economic benefits from Area activities, the two Voluntary Trust Funds, and the Endowment Fund.
- The Committee consists of 15 members elected for five-year terms based on equitable geographical distribution and representation of special interests.
Kingston (Jamaica) On Monday 9 July 2018, Mr Andrzej Przybycin of Poland was re-elected Chair of the Authority’s Finance Committee for the 24th Session. Mr Ye Minn Thein of Myanmar was re-elected Vice Chair.
During its 9-12 July meeting, the Finance Committee will consider the Authority’s proposed budget for 2019-2020; the implementation of cost-saving measures; the rules, regulations and procedures of equitable sharing of financial and economic benefits derived from activities in the Area; the status of the two Voluntary Trust Funds and the Endowment Fund; and the review of the implementation of the budget and audited financial statements for 2017. The Committee consists of 15 members elected for a five year term taking into account equitable geographical distribution among regional groups and representation of special interests and has a central role in the administration of the Authority’s financial and budgetary arrangements.
All official documents of the ISA 24th Session are available on the online documents portal.
