Yara Foundation

Yara Foundation Board of Directors:From left Marco Quinones, Pedro Sanchez, Thorleif Enger, Joan Holmes and Peter Hartmann

The Yara Foundation was established in 2005 by Yara International. Its objective is to support UN Secretary-General Kofi Annan's call for an African green revolution and the UN Millennium Project's goal of halving poverty and hunger in Africa. The Foundation awards the Yara Prize for a Green Revolution in Africa annually. The Yara Prize recognizes efforts that increase food production and value creation in any field related to African agriculture. The Foundation also supports grass roots initiatives, the first of which is the Bar-Sauri Millennium Village Project in Kenya.

The Yara Foundation statutes describe the Foundation's sponsor, structure, mission and objectives, and specify the formal regulations for the nomination and selection of candidates and the awarding of the Yara Prize.

The Yara Foundation shall have a Board consisting of at least three and no more than seven members. The Board appoints its chair. The Board Members are appointed for three-year terms. No member may serve for more than three terms.

The Board appoints new Board Members, and the person who obtains the most votes is appointed. An election committee with up to three members may be established, which gives its recommendation for the appointment of Board Members to the Foundation.

Prize commitee

The Board elects a Prize Committee with the necessary qualifications to ensure an equitable nomination and selection process.

Mission

The Yara Foundation and Prize aim to commend outstanding efforts to increase food production and availability, and thereby reduce hunger in Africa.

The Yara Foundation and Prize shall contribute to the transformation of African agriculture and food availability, within a sustainable context, thereby helping to reduce hunger and poverty.

Objectives

The Yara Foundation and Prize shall recognize outstanding contributions to food availability, and serve as an inspiration and challenge in the struggle to eradicate poverty. The Yara Foundation and Prize shall increase awareness of the challenges, possibilities and achievements regarding world hunger and food availability - and inspire others to joint the struggle. The Yara Foundation and Prize shall increase awareness of social conditions in Africa, and the prevailing dynamics affecting agriculture and food availability.The Yara Foundation and Prize shall provide an example and inspire other companies to heed the call of the UN Secretary-General to create a green revolution in Africa.