Lausanne, Switzerland, May 10, 2019 – The FIVB Finance Commission meeting was held in the presence of FIVB President Dr. Ary S. Graça F° in Lausanne on Thursday, to review the financial status and management of volleyball’s governing body.
When opening the meeting, FIVB President Dr. Ary S. Graça F° said:
“The Finance Commission is at the heart of all FIVB Commissions. No organisation can do anything without the financial support it needs. At the FIVB, we are strengthening the principles of good governance, accountability and transparency day by day. We believe that money from sport should return to sport, so each year we invest in developing volleyball worldwide.
“We directly support National Federations via the FIVB Projects Platform and approved 74 projects in 2018, mainly for coaching and equipment support. We also invest in introducing cutting-edge technology and innovation to our FIVB flagship events, to ensure the best experience for all of our athletes and fans.”
The commission, chaired by the FIVB Executive Vice-President and IOC Member Habu Gumel, discussed and reviewed a number of important topics, including the FIVB’s financial report, and the FIVB Controller and Deloitte External Auditors’ report. The reports and proposals of the Financial Commission will be discussed at the FIVB Executive Committee and Board of Administration meetings at the end of May.
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