- Committee members are requested to rate the applications according to the set of selection criteria on a scale from 0 (neutral/negative) to 10 (positive) and identify top selected initiatives from those that exceed the threshold of 50% representing majority of votes supporting the nominees.
- The Review Committee acts on an ad honorem basis and follow the principle of “independent” votes ensuring that committee members do not evaluate initiatives that they are engaged in. Additionally, an adjusted average calculation method is applied to remove extremes of the highest and lowest scores for each initiative.
- The UNCTAD secretariat compiles scores from all individual members and share the results with the Committee. In case of a significant divergence of views further discussions are conduced to achieve consensus.
Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, thirty-seventh session
17 – 19 June 2020, Palais des Nations, Geneva