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Board members

As per the date of this report the composition of the Board is:

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Accountability statement

The Board is fully aware that a modern NGO has to follow the rules of the game as specified by several authorities on various topics such as accounting standards (Directive 660 of the Dutch Accounting Standards Board), fundraising and governance.

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Jurisdiction and tasks of the Board of Trustees and Executive Director

The by-laws of War Child clearly state the separation of duties, tasks and roles between management and supervision.

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Meetings and board expenses

In 2012, the Board of Trustees held four regular meetings.

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Evaluation of objectives, activities, Executive Director

In 2012 the priority for the Board of Trustees was to select and appoint a new executive director.

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Remuneration of the Executive Director

Following War Child’s stringent low-cost policy, remuneration is set below the guidelines of the Dutch Fundraising Institutions Association (VFI) for management salaries of charitable organisations (Adviesregeling Beloning Directeuren van Goede

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Risk management

War Child maintains a risk monitoring and evaluation system, which enables the anticipation and effective management of risks.

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Financial risks

War Child‘s objectives require multi-year commitments. The level of income can fluctuate year by year, while multi-year obligations have to be fulfilled.

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Operational risks

War Child works in politically unstable areas. Changes in local government policies and political relationships form major risks for War Child programmes.

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Reputational risks

For a non-governmental organisation reputation is among its most valuable assets.

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