Read the untranslated law here: https://www.vestnesis.lv/op/2015/245.8
Cabinet of Ministers Regulations No. 688 in 2015 (on 1 December. No 64 40. §) rules on corporations ' development financial institution Viola "Advisory Board Issued in accordance with the Development financial institutions act, article 12, the second paragraph of i. General questions 1. determines the shares of the company development financial institution" Viola "(hereinafter referred to as the financial institution) Advisory Council (hereinafter the Board), the programming and monitoring of the implementation of the action to be taken, as well as the Advisory Council of the order of the represented institutions and What is provided in the Advisory Council of the society represented, Foundation and the participation of economic operators in the financial instruments of the programme development and monitoring of implementation. 2. the Advisory Council is a body set up to ensure the development and implementation of programmes, which are implemented in full or in part, in the form of financial instruments (financial instruments).
II. functions of the Board 3. Advisory Council performs the following functions: 3.1. make proposals to improve the financial instruments market gaps analysis; 3.2. monitor the implementation of financial instruments of progress; 3.3. make proposals to improve the financial instrument for the implementation of the programme. 4. the responsible Ministry, sending a notification to the State Chancellery, State Secretary for the meeting of the Cabinet of Ministers a draft regulation on the financial instrument for the implementation of the programme, also send the invitation to the members of the Board to provide proposals for a programme of financial instruments. The proposals received from the responsible ministries include the prepared certificate of opinions expressed objections.
III. composition of the Board 5. Advisory Council is composed of: 5.1. leader of the Council-a representative of the Ministry of finance; 5.2. the Deputy Head of the Council, the representative of the Ministry of the economy; 5.3. the Advisory Council Deputy Chief-Representative of the Ministry of agriculture; 5.4. financial institution representative; 5.5. the funds of the European Union; managing authorities 5.6. the representative of the Ministry of welfare; 5.7. The Prime Minister's Office representative; 5.8. The Treasury representative; 5.9. The protection of the environment and regional development Ministry spokesman; 5.10. The employers ' Confederation of Latvia's representative; 5.11. The Association of commercial banks of Latvia representative; 5.12. the municipal representative of the Union; 5.13. the venture capital Association representative; 5.14. the Latvian Chamber of Commerce and industry spokesman; 5.15. The farmer organisations representative of the cooperation Council; 5.16. The national Entrepreneur Council representative; 5.17. society "Latvian business angel network". 6. Society, Foundation and representatives of economic operators Advisory Council shall participate in an advisory capacity. 7. the Advisory Board has the right to invite participation in the meetings of the Board and other institutions, associations, foundations and organizations, representatives of economic operators. 8. Information on the Board's personnel put financial institutions at tīmekļvietn.
IV. Organization of work of the Advisory Forum, 9 Advisory Council to organize their activities approved by the Advisory Council by-laws. 10. the financial institutions shall carry out the secretariat functions of the Board and organise the work of the Board, as well as the organisation and conduct of the meetings. 11. the Advisory Council shall be convened at least twice a year by the Ministry of finance, Ministry of Economic Affairs or the Ministry of agriculture. 12. the Chairman of the Board confirms the Board's agenda and chair the meetings of the Board. Advisory Council in the absence of the President, his duties shall be the Deputy Chairman of the Board – or the Ministry of economy, Ministry of agriculture spokesman. 13. meetings of the Board are recorded. The minutes of the Board of the Advisory Council of the signature of the President and the Registrar. The Protocol is sent to all members of the Board. The Prime Minister is the Rapidity of the Newsletters Finance Minister John a Rare
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