Structure
In order to avoid mismanagement and corruption that has plagued many other Pacific trust funds, the government established a management structure that includes:
- Board of Directors, with each appointed by an original donor
- Professional fund management
- International, external auditors
- Advisory committee (each original donor has a member on the committee)
One important element of the fund in order to avoid overdrawing to fund unauthorised projects, is the "separation of fund capital from fund proceeds available for distribution."
Read more about this topic: Tuvalu Trust Fund
Famous quotes containing the word structure:
“... the structure of a page of good prose is, analyzed logically, not something frozen but the vibrating of a bridge, which changes with every step one takes on it.”
—Robert Musil (1880–1942)
“There is no such thing as a language, not if a language is anything like what many philosophers and linguists have supposed. There is therefore no such thing to be learned, mastered, or born with. We must give up the idea of a clearly defined shared structure which language-users acquire and then apply to cases.”
—Donald Davidson (b. 1917)
“What is the structure of government that will best guard against the precipitate counsels and factious combinations for unjust purposes, without a sacrifice of the fundamental principle of republicanism?”
—James Madison (1751–1836)