Upravni odbor naj ima potrebna pooblastila za oblikovanje proračuna, preverjanje njegovega izvajanja, oblikovanje notranjih pravil, zagotavljanje skladnosti s politiko Skupnosti, sprejetje finančne ureditve centra skladno z določbami finančne uredbe, ki se uporablja za splošni proračun Evropskih skupnosti [4], v nadaljnjem besedilu "Finančna uredba", in imenovanje direktorja po parlamentarnem zaslišanju izbranega kandidata.
The Management Board should have the necessary powers to establish the budget, check its implementation, draw up internal rules, ensure coherence with Community policies, adopt the Centre's financial regulation in accordance with the provisions of the Financial Regulation applicable to the general budget of the European Communities(4), hereinafter referred to as the «Financial Regulation» , and appoint the director following a parliamentary hearing of the selected candidate.