(iv) setting up joint functional units, joint working meetings, and consultations on matters of common interest. ARTICLE 4 OPERATION OF THE NETWORK 1. State Parties agree that the Network shall hold General Meetings of all of the DFis as often as it is deemed necessary by the Network, but in any event at least twice every year. 2. State Parties agree that each DFI shall be represented at General Meetings by its Chief Executive Officer and, in the absence of that Chief Executive Officer, by that Chief Executive Officer's representative. 3 State Parties agree that at the first General Meeting the Network shall (a) appoint, from the CEOs, a chairperson and vice-chairperson all of whom shall serve for one year; (b) determine the rules and procedures of General Meetings; (c.) elect a Board of Trustees to carry out oversight of the activities of the DFRC and report there on to the general meeting of the DFI network. The board shall determine its rules and procedures and shall meet at least four times a year 4 State Parties agree that a quorum for the General Meetings shall be at least one-half of the total number of DFis (which one-half shall represent DFis from at least one- third of all of the State Parties), (i) present in person at the General Meeting in question, or (ii) represented at that General Meeting by written proxy sent to the Secretariat prior to that General Meeting. 5 State Parties agree that that twenty-one (21)-calendar days notice of a General Meeting will be given to all CEOs. 6 State Parties agree that, unless otherwise decided by the Network at a General Meeting the Network shall be supported in its work, administrative and related activities by the Development Finance Resource Centre. ARTICLE 5 DECISIONS 1. State Parties agree that decisions and resolutions of any General Meeting shall be by consensus. Where consensus cannot be reached, decisions and resolutions of any General Meeting shall be taken by a majority of the CEOs (i) present at the General Meeting in question or (ii) represented at that General Meeting by written proxy sent to the Development Finance Resource Centre prior to that General Meeting. 90