22 U.S.C. § 286a : US Code - Section 286A: Appointments

Search 22 U.S.C. § 286a : US Code - Section 286A: Appointments

(a) Governors and executive directors; term of office
The President, by and with the advice and consent of the Senate,
shall appoint a governor of the Fund who shall also serve as a
governor of the Bank, and an executive director of the Fund and an
executive director of the Bank. The executive directors so
appointed shall also serve as provisional executive directors of
the Fund and the Bank for the purposes of the respective Articles
of Agreement. The term of office for the governor of the Fund and
of the Bank shall be five years. The term of office for the
executive directors shall be two years, but the executive directors
shall remain in office until their successors have been appointed.
(b) Alternates; term of office
The President, by and with the advice and consent of the Senate,
shall appoint an alternate for the governor of the Fund and an
alternate for the governor of the Bank. The President, by and with
the advice and consent of the Senate, shall appoint an alternate
for each of the executive directors. The alternate for each
executive director shall be appointed from among individuals
recommended to the President by the executive director. The terms
of office for alternates for the governor and the executive
directors shall be the same as the terms specified in subsection
(a) of this section for the governor and executive directors.
(c) Governor to serve as councillor; alternates and associates
Should the provisions of Schedule D of the Articles of Agreement
of the Fund apply, the Governor of the Fund shall also serve as
councillor, shall designate an alternate for the councillor, and
may designate associates.
(d) Compensation for services
(1) No person shall be entitled to receive any salary or other
compensation from the United States for services as a Governor,
executive director, councillor, alternate, or associate.
(2) The United States executive director of the Fund shall not be
compensated by the Fund at a rate in excess of the rate provided
for an individual occupying a position at level IV of the Executive
Schedule under section 5315 of title 5. The United States alternate
executive director of the Fund shall not be compensated by the Fund
at a rate in excess of the rate provided for an individual
occupying a position at level V of the Executive Schedule under
section 5316 of title 5.
(3) The Secretary of the Treasury shall instruct the United
States executive director of the Fund to present to the Fund's
Executive Board a comprehensive set of proposals, consistent with
maintaining high levels of competence of Fund personnel and
consistent with the Articles of Agreement, with the objective of
assuring that salaries and other compensation accorded Fund
employees do not exceed those received by persons filling similar
levels of responsibility within national government service or
private industry. The Secretary shall report these proposals
together with any measures adopted by the Fund's Executive Board to
the Congress prior to February 1, 1979.