Decision on the sixth item on the agenda: Disposition of the funds and assets that remain in the accounts of the International Institute for Labour Studies - Modalities for disposition of remaining assets and funds

Record of decisions | 18 March 2014

Decision on the sixth item on the agenda: Disposition of the funds and assets that remain in the accounts of the International Institute for Labour Studies

Modalities for disposition of remaining assets and funds

The Governing Body:

(a) decided to establish a Research Fund to support the research strategy and activities of the Organization, under the terms and conditions outlined in document GB.320/PFA/6;

(b) requested the Director-General to transfer the sum of US$16.159 million from the direct reserves of the International Institute for Labour Studies (IILS), as reported in paragraph 11 of document GB.320/PFA/6, to the research Fund;

(c) authorized the Director-General to accept, at his discretion, fees offered to, or received by, members of the International Labour Office staff, and to deposit such gifts to the credit of the Research Fund; and

(d) noted with satisfaction that the Phelan legacy and Maupain gift would continue to be held in separate accounts and reported on periodically and that their terms and the remaining IILS contractual obligations would be discharged by the ILO.

(Document GB.320/PFA/6, paragraph 17, as amended.)