22 CFR 1300.2 – Organization
(a) MCC’s Board consists of: (1) The Secretary of State, the Secretary of the Treasury, the Administrator of the United States Agency for International Development, the United States Trade Representative; and the Chief Executive Officer of the Corporation; and (2) four other individuals with relevant international experience from the private sector; appointed by the President with the advice and consent of the Senate.
Terms Used In 22 CFR 1300.2
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) MCC’s staff is comprised of the following administrative units:
(1) The Office of the Chief Executive Officer;
(2) The Department of Accountability;
(3) The Department of Administration and Finance;
(4) The Department of Congressional and Public Affairs;
(5) The Department of Operations;
(6) The Department of Policy and International Relations; and
(7) The Office of the General Counsel.