Division SECTION 2 RESPONSIBILITIES OF THE GOVERNING BOARDF1

The Governing Board shall take necessary strategic decisions, in particular:

1. (a)

   adopt the EIT's draft Strategic Innovation Agenda (SIA), triennial rolling work programme, budget, annual accounts and balance sheet and annual activity report, on the basis of a proposal from the Director;

2. (b)

   adopt criteria and procedures for financing, monitoring and evaluating the activities of the KICs, on the basis of a proposal from the Director;

3. (c)

   adopt the selection procedure of the KICs;

4. (d)

   select and designate a partnership as a KIC or withdraw the designation where appropriate;

5. (e)

   ensure the continuing evaluation of the activities of the KICs;

6. (f)

   adopt its rules of procedure, those for the Executive Committee, as well as the specific financial rules of the EIT;

7. (g)

   define, with the Commission's agreement, appropriate fees for members of the Governing Board and of the Executive Committee; such fees shall be benchmarked against similar remuneration in the Member States;

8. (h)

   adopt a procedure for selecting the Executive Committee and the Director;

9. (i)

   appoint and if necessary dismiss the Director, and exercise disciplinary authority over him/her;

10. (j)

    appoint the Accounting Officer and the members of the Executive Committee;

11. (k)

    adopt a code of good conduct regarding conflicts of interest;

12. (l)

    establish, where appropriate, advisory groups which may have a defined duration;

13. (m)

    set up an Internal Auditing Function in accordance with Commission Regulation (EC, Euratom) No 2343/2002 ^f1 ;

14. (n)

    be empowered to establish a Foundation with the specific objective of promoting and supporting the activities of the EIT;

15. (o)

    decide on the language policy of the EIT, taking into account existing principles on multilingualism and the practical requirements of its operations;

16. (p)

    promote the EIT globally, so as to raise its attractiveness and make it a world-class body for excellence in higher education, research and innovation.