Contacts:
In Washington: Cosma Gatere@worldbank.org
+1-202-459-7288 WASHINGTON, July 8, 2008 - The World Bank has launched a global search for members of an international board to advise its Department of Institutional Integrity (known as INT), which investigates allegations of fraud and corruption. Creating an independent advisory board of international anticorruption experts to protect the independence and strengthen the accountability of INT, was a key recommendation of a panel led by former US Federal Reserve Chairman Paul Volcker that reviewed the operations of the department. The board will advise INT, the World Bank President, and the Bank’s Audit Committee on the operations of the unit, its performance, and interactions with other parts of the World Bank Group. The advisory board will submit progress reports on implementation of the major recommendations of the Volcker Panel relating to INT, but will not receive or investigate individual complaints. The international advisory board will be comprised of three respected and experienced governance and anticorruption experts and will serve for a three-year term, with the possibility of a one-time renewal. Members will be selected by the President of the World Bank in consultation with the Bank’s Audit Committee. The search committee is headed by World Bank Managing Director Juan Jose Daboub and includes senior Bank staff and representatives from the staff association. The search committee plans to have a shortlist of candidates by the end of July and begin the interview process with a view to presenting names of qualified candidates to the President of the World Bank in August. Interested individuals can send names directly to Costa Karvelas, Executive Search (ckarvelas@worldbank.org), by July 20, 2008. |
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