The Executive Board is the Board of Directors of UNWTO, which is responsible for ensuring that the organization does its work and respects its budget. It meets at least twice a year and consists of members elected by the General Assembly at the rate of one for every five full members. As the host country for UNWTO headquarters, Spain has a permanent seat on the Executive Board. Representatives of associate members and members participate in executive board meetings as observers.  UNWTO has 158 countries, six territories and more than 500 member organizations representing the private sector, educational institutions, tourism associations and local tourism authorities. The headquarters is located in Madrid, Spain.  Following the Asian tsunami disaster in December 2004, the IEST Secretary-General convened an emergency meeting of the IEST Executive Council, which adopts the Phuket Action Plan. UNWTO Tourism Satellite Account (TSA: Understanding Tourism and Designing Strategies) conference in Iguazu, held jointly with the governments of Argentina, Brazil and Paraguay. The agreement signed in 2004 between UNWTO and the Government of Korea opens the official headquarters of the UNWTO ST-EP Foundation in Seoul.
16. The UN General Assembly in Dakar, Senegal, confirms UNWTO`s leading role in eradicating poverty through sustainable tourism development. Francesco Frangialli (France) is re-elected Secretary General for a third term. The General Assembly also approved the adoption of UNWTO`s initials in English and Russian. XXX Anniversary of UNWTO in Madrid. Under the chairmanship of UN Secretary-General Kofi Annan, the UN Chief Executive Board meets for the first time at UN Headquarters. First international conference on tourism and crafts, Tehran (Islamic Republic of Iran). The secretariat is responsible for the implementation of UNWTO`s work programme and the needs of members and member organisations. The group is led by Georgian Secretary General Zurab Pololikashvili, who looks after some 110 full-time employees at UNWTO headquarters in Madrid.
The secretariat also includes a regional support office for the Asia-Pacific region in Osaka funded by the Japanese government and a liaison office in Geneva, representing the WTO to the United Nations system, the World Trade Organization and other diplomatic organizations in Switzerland.  The first constituent assembly of the International Union of Official Travel Organizations (IUOTO) is being held in The Hague. The temporary headquarters of the IUOTO is located in London. IUOTO moved its headquarters to Geneva, Switzerland, where it remained until 1975. The first WTO General Assembly will meet in Madrid in May at the invitation of the Spanish government. Robert Lonati was elected first Secretary General of the WTO and the Assembly decided to set up its headquarters in Madrid. The WTO`s general secretariat will be set up in Madrid on 1 January. The agreement is signed to make the WTO an implementation organization of the United Nations Development Programme (UNDP) that provides technical cooperation with governments.