# Regulation (EC) No 294/2008 of the European Parliament and of the Council of 11 March 2008 establishing the European Institute of Innovation and Technology, Division SECTION 2: RESPONSIBILITIES OF THE GOVERNING BOARD

Extent: E+W+S+N.I.

The Governing Board shall take necessary strategic decisions, in particular:
(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;
(b) adopt criteria and procedures for financing, monitoring and evaluating the activities of the KICs, on the basis of a proposal from the Director;
(c) adopt the selection procedure of the KICs;
(d) select and designate a partnership as a KIC or withdraw the designation where appropriate;
(e) ensure the continuing evaluation of the activities of the KICs;
(f) adopt its rules of procedure, those for the Executive Committee, as well as the specific financial rules of the EIT;
(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;
(h) adopt a procedure for selecting the Executive Committee and the Director;
(i) appoint and if necessary dismiss the Director, and exercise disciplinary authority over him/her;
(j) appoint the Accounting Officer and the members of the Executive Committee;
(k) adopt a code of good conduct regarding conflicts of interest;
(l) establish, where appropriate, advisory groups which may have a defined duration;
(m) set up an Internal Auditing Function in accordance with Commission Regulation (EC, Euratom) No 2343/2002 ;
(n) be empowered to establish a Foundation with the specific objective of promoting and supporting the activities of the EIT;
(o) decide on the language policy of the EIT, taking into account existing principles on multilingualism and the practical requirements of its operations;
(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.

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Source: https://www.legislation.gov.uk/eur/2008/294/annex/section/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-2008-294/annex/section-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.