Art. 30a

The Board of Directors has the following tasks:

1. It issues the organisational rules of the Oversight Authority.
2. It issues the strategic goals of the Oversight Authority, submitting them to the Federal Council for approval and reporting on their fulfilment to the Federal Council.
3. It issues the ordinances delegated to the Oversight Authority.
4. It makes organisational arrangements to preserve the interests of the Oversight Authority and preventing conflicts of interests.
5. It concludes the affiliation contract with the Swiss Federal Pension Fund (PUBLICA) and submitting it to the Federal Council for approval.
6. It regulates the composition, the election procedure and the organisation of the parity commission for the pension fund.
7. It decides on the reasons, modification and termination of the employment relationship with the Chief Executive; the reasons and termination of the employment relationship with the director require the Federal Council’s approval.
8. It decided on the reasons, modification and termination of the employment relationship of the other executive board members upon request of the Chief Executive.
9. It supervises the Executive Board.
10. It provides an internal control system and risk management adapted for the Oversight Authority.
11. It determines the appropriation of reserves.
12. It approves the budget.
13. It drafts and approves an annual report for each fiscal year; it submits the revised annual report to the Federal Council for approval; simultaneously it requests discharge from the Federal Council and publishes the annual report following approval.