VATICAN CITY
Vatican Information Service – Bolletino
The Cardinals’ Commission of the Istituto per le Opere di Religione (IOR) has appointed Mr. Mauricio Larraín (Chile) and Mr. Carlo Salvatori (Italy) as members to the IOR Board of Superintendence.
On the occasion of the nomination Cardinal Santos Abril y Castelló, President of the IOR’s Supervisory Commission of Cardinals, said: “The IOR is looking forward to working with these two new board members who will add significant financial experience and global perspective at a time when the role of IOR is being reinforced and confirmed to meet the objectives of the Holy Father.”
With these appointments, the IOR Board of Superintendence is now complete. Besides Mauricio Larraín and Carlo Salvatori, it is composed of Mr. Jean-Baptiste de Franssu (France), President of the Board, Mr. Clemens Boersig (Germany), Prof. Mary Ann Glendon (USA) and Sir Michael Hintze (UK), who assumed office on 9 July 2014. In addition to these six lay members of the Board, Monsignor Alfred Xuereb, Secretary-General of the Secretariat for the Economy, serves as its non-voting Secretary.
As set out in the Institute’s revised Statute from 1990, the IOR Board of Superintendence defines strategy and ensures oversight of operations. The members of the Board of Superintendence are nominated in accordance with the new legal framework and for a period of five years.
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