New Delhi: The Bill & Melinda Gates Foundation on Wednesday appointed a board of trustees, naming four new members to help strengthen the foundation’s governance by incorporating independent and diverse ideas against the backdrop of unprecedented global challenges. .
This regime change comes after death in late 2020 Bill Gates Sr.By decision of Bill Gates’ father, an honorary co-chair, and a longtime side-by-side Warren Buffett Last year to step down as trustee after almost 15 years.
It also represents a clear recognition by Gates and French Gates, especially in the wake of their recent divorce, that the foundation will be well served by adding independent voices to help shape their work in the future.
According to the statement, the board may consist of a total of nine members, with ongoing talks about adding to the initial slate to increase representation across gender, geography and expertise.
Strive Masiwa, Baroness Nemat (Minouche) Shafiq, Thomas J. Tierney and Gates Foundation CEO Mark Suzman will join co-chairs Bill Gates And Melinda French Gates as members.
According to a statement from the foundation, board members will work with Gates and French Gates, bringing independent and diverse perspectives to help strengthen the foundation’s governance.
Mark Suzman, CEO announced the board members in the foundation’s inaugural annual letter.
The announcement of the Board comes at a time of unprecedented global challenges. The COVID-19 pandemic has slowed, halted and even reversed hard-won global health and growth across the globe.
After nearly two decades of sustained progress, millions of people have been thrown back into poverty, childhood vaccination rates have plummeted and diseases ranging from malaria to tuberculosis have risen again, the statement said.
It said that since January 2020, the Gates Foundation has committed more than $2 billion to the global COVID-19 response, with a focus on ensuring that aid reaches marginalized communities as quickly and effectively as possible.
The pandemic has had a devastating effect on these communities, and it will take years for them to recover.
“We are honored that these three deeply knowledgeable and respected individuals have agreed to join the Foundation Board,” Suzman said.
“Between them, they bring an incredible track record of impact on global business, philanthropy and growth, and we couldn’t be more excited to work with them.”
He also emphasized that in its next phase, the Foundation will continue to prioritize areas where its resources and expertise will be most catalytic and to invest in high-risk areas where it is more difficult to deploy public resources, such as malaria. From funding innovative treatments to supporting state-of-the-art disease modeling.
“Our new board members are strong, qualified leaders who will support the foundation and its partners in our work to promote a healthier, safer, more equal world for all. Over the past two decades,” said Melinda French Gates I am extremely proud of what we have achieved and look forward to working with them to advance progress on some of the most important issues in the world.”
Suzman and Connie Collingsworth, the Foundation’s Chief Operating Officer and Chief Legal Officer, led the work to strengthen the Foundation’s governance at the request of Gates and French Gates, conducting a strategic review in consultation with outside experts on best governance practices .
The new board members will bring their diverse expertise, experience and perspective to advise the co-chairs and the Foundation’s leadership team on budget and strategy.
The Board will meet thrice a year to guide the work of the Foundation and to approve the annual budget and four-year plan. He will also have the responsibility of reviewing CEO performance and approving CEO compensation. Board members serve three-year terms with two consecutive two-term limits.
Bill Gates said, “Over the past 20 years, the scope and scope of our Foundation’s work has grown to include some of the most complex and urgent challenges facing the world.”
“As we look forward, I am excited to welcome our new board members. Their vast experience and expertise will have a huge impact on our ability to tackle the complexity of these challenges and help us realize a world that is closer to where everyone has the chance to lead a healthy and productive life.”
Since its founding 21 years ago, the foundation has provided more than $60 billion in grants, with annual payments regularly increasing year on year.
with endowments of more than $50 billion; Gates and French Gates committed an additional $15 billion last year; Gates, French Gates and Buffett pledge to dedicate the bulk of their remaining resources to the Foundation; and the need to spend the endowment after the death of the co-founders.
The Foundation is uniquely positioned to continue its work fighting poverty, disease, and inequality in the United States and around the world, while maintaining a leading role in the field of philanthropy for decades to come.
Strive Masiwa, President and Founder of Econet Group, said: “Over the past 20 years I have worked with the Gates Foundation, beginning with efforts to improve agricultural production for more than 400 million smallholder farmers in Africa, so that the entire country To improve the livelihoods of the poorest people in Africa and the world. We have worked together to address global health crises such as the Ebola and COVID-19 pandemics. I co-found the foundation to fight disease and poverty around the world. I’m honored to have the presidents and to join the incredible team.”
Baroness Shafiq, Director of the London School of Economics and Political Science, said: “I look forward to working with my fellow board members to support our mission to advance human regeneration. I have spent my career building some of the world’s greatest having spent working in international and academic institutions, because, like Melinda and Bill, I realize that the most difficult problems facing humanity are not confined to any one country or region, but are universal challenges that demand reason, sympathy and cooperation.
Tom Tierney, Co-President and Co-Founder of Bridgespan Group, said: “The opportunity and imperative to accelerate the impact of the Foundation has never been greater. As a new board member, my aspiration is to co-chair and lead the team to society. We have to do our part to help you achieve this potential.”
This regime change comes after death in late 2020 Bill Gates Sr.By decision of Bill Gates’ father, an honorary co-chair, and a longtime side-by-side Warren Buffett Last year to step down as trustee after almost 15 years.
It also represents a clear recognition by Gates and French Gates, especially in the wake of their recent divorce, that the foundation will be well served by adding independent voices to help shape their work in the future.
According to the statement, the board may consist of a total of nine members, with ongoing talks about adding to the initial slate to increase representation across gender, geography and expertise.
Strive Masiwa, Baroness Nemat (Minouche) Shafiq, Thomas J. Tierney and Gates Foundation CEO Mark Suzman will join co-chairs Bill Gates And Melinda French Gates as members.
According to a statement from the foundation, board members will work with Gates and French Gates, bringing independent and diverse perspectives to help strengthen the foundation’s governance.
Mark Suzman, CEO announced the board members in the foundation’s inaugural annual letter.
The announcement of the Board comes at a time of unprecedented global challenges. The COVID-19 pandemic has slowed, halted and even reversed hard-won global health and growth across the globe.
After nearly two decades of sustained progress, millions of people have been thrown back into poverty, childhood vaccination rates have plummeted and diseases ranging from malaria to tuberculosis have risen again, the statement said.
It said that since January 2020, the Gates Foundation has committed more than $2 billion to the global COVID-19 response, with a focus on ensuring that aid reaches marginalized communities as quickly and effectively as possible.
The pandemic has had a devastating effect on these communities, and it will take years for them to recover.
“We are honored that these three deeply knowledgeable and respected individuals have agreed to join the Foundation Board,” Suzman said.
“Between them, they bring an incredible track record of impact on global business, philanthropy and growth, and we couldn’t be more excited to work with them.”
He also emphasized that in its next phase, the Foundation will continue to prioritize areas where its resources and expertise will be most catalytic and to invest in high-risk areas where it is more difficult to deploy public resources, such as malaria. From funding innovative treatments to supporting state-of-the-art disease modeling.
“Our new board members are strong, qualified leaders who will support the foundation and its partners in our work to promote a healthier, safer, more equal world for all. Over the past two decades,” said Melinda French Gates I am extremely proud of what we have achieved and look forward to working with them to advance progress on some of the most important issues in the world.”
Suzman and Connie Collingsworth, the Foundation’s Chief Operating Officer and Chief Legal Officer, led the work to strengthen the Foundation’s governance at the request of Gates and French Gates, conducting a strategic review in consultation with outside experts on best governance practices .
The new board members will bring their diverse expertise, experience and perspective to advise the co-chairs and the Foundation’s leadership team on budget and strategy.
The Board will meet thrice a year to guide the work of the Foundation and to approve the annual budget and four-year plan. He will also have the responsibility of reviewing CEO performance and approving CEO compensation. Board members serve three-year terms with two consecutive two-term limits.
Bill Gates said, “Over the past 20 years, the scope and scope of our Foundation’s work has grown to include some of the most complex and urgent challenges facing the world.”
“As we look forward, I am excited to welcome our new board members. Their vast experience and expertise will have a huge impact on our ability to tackle the complexity of these challenges and help us realize a world that is closer to where everyone has the chance to lead a healthy and productive life.”
Since its founding 21 years ago, the foundation has provided more than $60 billion in grants, with annual payments regularly increasing year on year.
with endowments of more than $50 billion; Gates and French Gates committed an additional $15 billion last year; Gates, French Gates and Buffett pledge to dedicate the bulk of their remaining resources to the Foundation; and the need to spend the endowment after the death of the co-founders.
The Foundation is uniquely positioned to continue its work fighting poverty, disease, and inequality in the United States and around the world, while maintaining a leading role in the field of philanthropy for decades to come.
Strive Masiwa, President and Founder of Econet Group, said: “Over the past 20 years I have worked with the Gates Foundation, beginning with efforts to improve agricultural production for more than 400 million smallholder farmers in Africa, so that the entire country To improve the livelihoods of the poorest people in Africa and the world. We have worked together to address global health crises such as the Ebola and COVID-19 pandemics. I co-found the foundation to fight disease and poverty around the world. I’m honored to have the presidents and to join the incredible team.”
Baroness Shafiq, Director of the London School of Economics and Political Science, said: “I look forward to working with my fellow board members to support our mission to advance human regeneration. I have spent my career building some of the world’s greatest having spent working in international and academic institutions, because, like Melinda and Bill, I realize that the most difficult problems facing humanity are not confined to any one country or region, but are universal challenges that demand reason, sympathy and cooperation.
Tom Tierney, Co-President and Co-Founder of Bridgespan Group, said: “The opportunity and imperative to accelerate the impact of the Foundation has never been greater. As a new board member, my aspiration is to co-chair and lead the team to society. We have to do our part to help you achieve this potential.”
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