The World Selection Committee is a group that makes sure that every athlete that wants to go to the Olympics has a chance of being invited. They are responsible for evaluating each athletes history of competing at world championships and other competitions. They also look at an athletes age and their overall talent level. The members of the World Selection Committee are usually experts in their field and they work hard to make sure that everyone gets a fair chance of making it to the Olympics.
The International Monetary Fund’s (IMF) Governing Council is the top advisory body to the IMF’s Board of Governors and operates by consensus, including on the chair. The Governing Council has 24 members: the Managing Director of the IMF; the Finance Ministers and Central Bank Governors of the G7 major industrialized countries; the representatives of the European Union, Japan, and Korea; the Chair of the Development Committee; and two representatives of the Bank’s Developing Country Advisory Group.
In addition to the governing board, the IMF has an Executive Board of 24 members, who are selected by the Board of Directors and serve for three-year terms. The Managing Director is the chief of staff of the IMF, and he/she manages the day-to-day operations of the Fund and ensures that it fulfills its mandate, which is to foster global economic stability and sustainable development.
In order to become a member of the Executive Board, an individual must be recommended by a country’s representative in the IMF, which is normally the finance ministry or central bank. Upon becoming a member of the Executive Board, the new member is assigned a specific portfolio. The responsibilities of each portfolio are laid out in the IMF’s Articles of Agreement.
As the most senior member of the Executive Board, the Managing Director serves as the Chair of the IMFC. The IMFC is the principal advisory body to the Board of Governors of the IMF and the World Bank, and its main function is to provide advice on macroeconomic and financial issues of common concern to the major industrialized and emerging economies. Its membership is drawn from the G7 finance ministers and central bank governors, plus a representative of the European Union and another developed economy chosen by the rotating President of the European Central Bank.
The IMFC can also consult with outside experts to help in its work. It is important to note that any individual who has a conflict of interest must recuse himself or herself from voting toward the final decision. However, that person may still be able to share information with the Committee provided it is done in a fair and unbiased manner and does not otherwise influence the final decision. For example, a USA Cycling Sport Performance staff member who has a conflict of interest in selecting an athlete for the Olympic team may provide the Committee with relevant information about that athlete’s performance, so long as he or she does not vote toward the final decision.