The Investment Policy, adopted by the World Scout Committee, establishes general rules and control processes for the approval, acquisition, divestment, and management of investments within the World Scout Bureau (WSB) at the respective global and regional support centres. It also outline the presentation, disclosure, and valuation requirements in accordance with Swiss GAAPFER.
Reserves protect WOSM against emergencies, unforeseen expenses, or disruptions to income. They are limited resources that are difficult to replace once used and must never be used to substitute for sound budgeting and management. WOSM is entrusted with resources on behalf of its members.
This is an update of the Hand-book on Financial Resources – Management and Development first published in 2007. This Handbook broadly addresses two major areas: Financial Resources Management; and Financial Resources Development.