Governance

Overview

The transition fund is governed by an independent Board of Directors that represents the BFL Participants (RGOB, donors, WWF) and includes Trustees with experience and skills relevant to BFL. The transition fund Board is non-governmental in majority to ensure independent oversight of the BFL program.

Board Members

Dasho Karma Tshering
Dasho Karma Tshering

Chairperson

Secretary, Ministry of Energy and Natural Resources

Mr. Michael Philipp
Mr. Michael Philipp

Vice-Chair

Bhutan for Life

Mr. Nik Sekhran
Mr. Nik Sekhran

Board Member

Chief Conservation Officer WWF US

Dr. Wit Soontaranun
Dr. Wit Soontaranun

Board Member

DT Foundation

Mr. Karma Thinley
Mr. Karma Thinley

Board Member

Zimpon Wongma His Majesty's Secretariat

Miss Deki Wangmo
Miss Deki Wangmo

Board Member

Director Department of Planning, Budget and Performance Ministry of Finance

Ms. Thinlay Yangdon
Ms. Thinlay Yangdon

Board Member

Officiating Director Department of Macro-fiscal and Development Finance Ministry of Finance

Dr. Rebecca Pradhan
Dr. Rebecca Pradhan

Board Member

Ecologist Royal Society Protection of Nature

Mr. Chimi Rinzin
Mr. Chimi Rinzin

Board Member

Country Director WWF Bhutan

Dr. Pema Wangda
Dr. Pema Wangda

Member Secretary

Executive Director BFL - Fund Secretariat

Finance & Investment Committee

An Investment Management Committee will advise the transition fund Board regarding investment of BFL assets.
The transition fund Board will be supported by a small Secretariat led by an Executive Director.

Mr. Nik Sekhran
Mr. Nik Sekhran

Board Member

Chief Conservation Officer WWF US

Miss Deki Wangmo
Miss Deki Wangmo

Board Member

Director Department of Planning, Budget and Performance Ministry of Finance

Mr. Singye Dorji
Mr. Singye Dorji

Member

Chief Financial Officer Bhutan Trust Fund For Environmental Conservation

Mr. Aniket Shah
Mr. Aniket Shah

Member

Bhutan for Life

Project Steering Committee

A BFL Project Steering Committee provides guidance regarding BFL’s strategic direction at the policy level and review annual work plans and budget. The BFL PSC constitutes representatives from Ministry of Finance, Ministry of Energy and Natural Resources (and other relevant agencies/stakeholders) also provides high level guidance and oversight to the Program as well as support to achieve coordination among various BFL Program implementing agencies. The Program Coordinator for the PCU is the member secretary to the PSC.

Mandates:
  • Provide overall guidance and direction to the BFL Program ensuring its alignment with the BFL Conservation Plan and Financial Model;
  • Review and endorse the consolidated annual work plan and budget before its submission to the BFL Fund;
  • Review and endorse the Semi-Annual and Annual Progress Reports as well as progress/performance reports required by the GCF;
  • Review and endorse proposed updates to the BFL Conservation Plan and Financial Model that require BFL Fund Board approval, especially updates considered to amend the Conservation Plan and Financial Model;
  • Review and advise on responses to evaluation reports;
  • Provide guidance to the BFL PCU on issues raised by the PCU.

Strategic and Technical Committee

A Strategic and Technical Committee (STC) provides guidance and advice in those areas to the PCU.  The STC is chaired by MoAF and consists of RGoB experts from the GNHCS, the National Environmental Commission, Ministry of Finance and technical experts drawn from academia and civil society such as the BTFEC and WWF.