Oversight Panel

(a) In general The Enterprise Fund shall be monitored by a Board of Directors Oversight Panel (hereafter referred to as the Oversight Panel) composed of 9 members. (b) Composition (1) Appointments by Chief Executive Officer The Chief Executive Officer shall appoint to the Oversight Panel— (A) 5 individuals who are not employed by the Federal Government and— (i) are citizens of the United States; or (ii) are citizens of the Republic of Haiti who— (I) primarily reside in the United States; and (II) have demonstrated respect for democracy and a free-market economy; and (B) 2 individuals who are citizens of Haiti who— (i) are not citizens of the United States; (ii) have demonstrated respect for democracy and a free-market economy; and (iii) have— (I) had a successful business career in private equity, banking, or finance in a developing economy; or (II) experience comparable to service on the board of directors of a fund that is similar to the Enterprise Fund and which earned a positive return on the amounts under the control of such fund. (2) Appointments by President The President shall appoint to the Oversight Panel 2 individuals who are citizens of the United States, who— (A) primarily reside in the United States; and (B) have demonstrated concern for and commitment to the economic development of Haiti. (c) Consultations The Chief Executive Officer and members of the Oversight Panel are encouraged to consult extensively with— (1) representatives of similar enterprise funds established by the United States Government, in order to learn best practices relating to the start-up phase and ongoing business of an enterprise fund; (2) representatives of multilateral institutions, including the Inter-American Development Bank, the World Bank, and the International Monetary Fund, to coordinate support for infrastructure in Haiti; and (3) leaders from the private sector, civil society, labor organizations, human rights groups, academia, and environmental organizations in the United States and Haiti.