The General Assembly:
- Approves annual financial report, including remuneration of members of the Executive Committee and the Steering Committee, the appointment of auditors or representatives and their fees, and the annual budget.
Tom Law from the GFMD Secretariat explained the nomination and voting process:2 Aug. - 10 Sept. – Members were invited to submit their candidacy for the Steering Committee.21 - 28 Sept. – A full list of candidates for the Steering Committee was shared with the CEO, Director or designated GFMD representative of each general member with a secure link that tracked who had voted but not who they had voted for.29 Sept. – The voting commission met to verify that the votes have been cast and counted fairly.The outgoing Chairperson Ricardo Corredor informed the meeting that:
- Out of GFMD’s 103 general members, 81 were eligible to cast a vote (as per the Constitution, only members who are up to date on membership fees are able to vote at the General Assembly).
- 60 votes were cast. There were no invalid votes.The outgoing Chairperson Ricardo Corredor announced the duly elected members of the new Steering Committee.