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by the Conference, notify the Director-General of its acceptance or nonacceptance. In the case of non-acceptance, a statement of the reasons therefore shall be forwarded with the notification. 5. The Conference may make recommendations to inter-governmental organizations on any subject within the scope of this Charter. 6. The Conference shall approve the budget of the Organization and shall apportion the expenditures of the Organization among the Members in accordance with a scale of contributions to be fixed from time to time by the Conference following such principles as may be applied by the United Nations. If a maximum limit is established on the contribution of a single Member with respect to the budget of the United Nations, such limit shall also be applied with respect to contributions to the Organization. 7. The Conference shall determine the seat of the Organization and shall establish such branch offices as it may consider desirable. Section C. —The Executive Board Article 78 Composition of the Executive Board 1. The Executive Board shall consist of eighteen Members of the Organization selected by the Conference. 2. (a) The Executive Board shall be representative of the broad geographical areas to which the Members of the Organization belong. (b) A customs union, as defined in paragraph 4 of Article 44, shall be considered eligible for selection as a member of the Executive Board on the same basis as a single Member of the Organization if all of the members of the customs union are Members of the Organization and if all its members desire to be represented as a unit. (c) In selecting the members of the Executive Board, the Conference shall have regard to the objective of ensuring that the Board includes Members of chief economic importance, in the determination of which particular regard shall be paid to their shares in international trade, and that it is representative of the different types of economies or degrees of economic development to be found within the membership of the Organization. 3. (a) At intervals of three years the Conference shall determine, by a two-thirds majority of the Members present and voting, the eight Members of chief economic importance, in the determination of which particular regard shall be paid to their shares in international trade. The Members so determined shall be declared members of the Executive Board. (b) The other members of the Executive Board shall be elected by the Conference by a two-thirds majority of the Members present and voting.