The Governing Body shall be the supreme organ of the Organization, and be composed of such number of Directors as is provided in Article 9.
Each Member shall duly designate and authorize one representative to serve as Director in the Organization, and each such Director shall be a member of the Governing Body. A Director may be replaced at any time by another Director designated and authorized by that Member. Each Member shall be entitled to designate by name previously notified to the Secretary-General, an alternate Director as its representative with authority to exercise, in the absence of the Director to whom he is alternate, all the powers of that Director.
The Governing Body shall elect a Chairman and two Vice-Chairmen. The Directors appointed as first Chairman and Vice-Chairmen shall hold office for two years, every subsequent appointment shall be for one year.
The term of office of all the Directors shall be two years. A Director shall be eligible for redesignation by the Member concerned.
The Governing Body shall make decision on such matters as the program and budget of the Organization, finances, admission and withdrawal of Members, activities of the Secretary-General in the fulfillment of his duties, agreements which may be entered into between the Organization and other Governments, international organizations and private institutions, and any other matters within the limits of this Convention.
The Chairman, or in his absence, either of the two Vice-Chairmen, shall preside over the meetings of the Governing Body. In the event of the demise or total incapacity of the Chairman, one of the Vice-Chairmen designated by the Governing Body for this purpose shall exercise all powers of the Chairman during the remaining period of the team.
A majority of the Directors of the Organization shall constitute a quorum for meetings of the Governing Body.