Who makes decisions at KBF?

We are pleased that for decades now we have been able to call upon a very wide-ranging group of experts and representatives of society, who sit on a number of decision-making bodies, acting on a voluntary basis.

The Board of Governors draws up the main lines of policy and takes decisions by a majority vote.

The Financial Committee outlines the strategy for the investment of the King Baudouin Foundation’s assets and also monitors those investments, with assistance from specialist companies. Three persons are appointed to the Financial Committee by the Board of Governors - those three people cannot be members of the Board of Governors.

The management is responsible for day-to-day leadership of the Foundation.

There are also support committees, management committees, juries and working groups, each with a pluralistic membership. These make statements on specific programmes, publications or calls for projects.
All Funds managed by the King Baudouin Foundation use their resources to serve the public interest. Each one has a management committee with at least three members: an expert, a representative of the founder and a representative of the Foundation. In many cases the management committee also includes additional experts.

The work of the Foundation is monitored by a number of audit bodies. Its financial reports are audited by the Audit Committee and also by an external auditor. An external consultant carries out a fully independent verification several times each year, based on a sample of projects, to check whether all the procedures have been followed correctly. A team of censors checks whether the Foundation is carrying out the instructions conferred on it by wills and bequests.