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ARTICLE 8

ARTICLE 8

 

Change Article 11 of the Agreement:

1. Replace in paragraph 1: "govern" with "perform".

2. Paragraph 1: add a new huphen between the huphens "Board" and "Directorate":

"the Operations Committee - a body of the Organization for immediate examination of and decision-making on different issues related to the Organization's activity."

3. Exclude the last subparagraph from paragraph 1.

4. Exclude paragraph 2.

5. Change the wording of paragraph 4 as follows:

"The Board and the Operations Committee within the framework of their competence may establish auxiliary bodies required for the attainment of the goals of this Agreement and the Operating Agreement".

6. Modify paragraph 5:

"5. The meetings of the Organization's bodies may be held not only in the territories of the Members of the Organization but in any other place found most conducive by the Organization for its activity."