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:
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—James Madison (1751–1836)
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—Sarah Patton Boyle, U.S. civil rights activist and author. The Desegregated Heart, part 2, ch. 2 (1962)