recruit the Secretary of the Fund; draw up the required or appropriate operational with the present Statute; mules in conformity evaluate the functioning of the Fund; manage and oversee the resources and assets of the Fund; set up guidelines for the judicious investment of the finances of the Fund; manage the Fund in accordance Rules and Regulations; with the African Union Financial recruit a manager(s) of investments charged with the management of the Fund’s investments, in compliance with the existing Union guidelines on investments; Approve the annual report of the Chairperson of the Commission; Fund for submission to ithe Approve the annual budget of the Fund; Recruit an externa! Auditor; and Carry out any other duties, which may be necessary or apErepae for the proper functioning of the Fund. In the exercise of its functions, the Fund shall be assisted by a Secretariat. Article 6 Composition of the Board — The Board shall consist of: a) Five (5) members appointed by the Chairperson of the Commission fram. the five (5) AU regions taking into account equitable gender . balance; and b) One (1) Member representing each of the Hurnan Rights the African Union. lgane of ; Within sixty (60) dye of entry into force of this Statute, the Chairperson of the Commission shali invite each region to submit, in writing, a maximum of five (5) candidates, for consideration for appointment to the Board. Members of the Board where applicable, shall serve in their personal capacity and shall be persons of high moral character, impartiality and integrity and who have recognized competence in one or more of the following areas: legai assistance, fundraising, fund management, banking, commerce and finance and communications or outreach.