The Board of the Global Fund announced adoption of recommendations “for major reforms made by an independent panel of distinguished individuals” designed to help the Global Fund evolve from an organization responding to an emergency into an even more effective one delivering a sustainable response.”  Global Fund Chair Simon Bland commented, “We are determined to carry out these changes quickly to ensure that donors and implementing countries maintain absolute confidence that the Global Fund is an efficient and effective funding channel that delivers value for money. Following the Board meeting we now have a clear way forward to make these changes.” The Board’s governance is being overhauled “to provide comprehensive oversight” with its four standing committees being reduced to three: one to focus on strategy and investment, a second one to concentrate on finance and operational performance, and a third committee — with a majority of independent members — dealing with audits and ethics.

http://www.theglobalfund.org/en/mediacenter/pressreleases/2011-09-27_Global_Fund_Board_adopts_Panel_recommendations_calling_for_urgent_reform/