The WCO’s Finance Committee celebrated its 100th Session on 10 April at its Headquarters in Brussels. To mark this event, members of the Committee as well as three former Chairpersons of the Committee were invited to a ceremony where the WCO Secretary General (SG) congratulated the Committee on its relentless efforts to support and advise the Council in budgetary and financial matters.
The Finance Committee was established in 1953 and comprises 19 members whose seats are allocated on a regional basis, as well as the Chairperson of the Audit Committee who is invited to attend as an observer. The Committee upholds the principles of transparency, good governance and sound financial management, examining inter alia the budgets for the previous, current and next financial years, including the level and scale of Members’ contributions.
The WCO SG highlighted the importance of the Finance Committee’s guidance in the context of the WCO’s corporate governance system, providing a sound basis for the proper functioning of the WCO.
