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1. The Executive Director shall report annually to the Governing Board on the performance of his or her duties in accordance with the financial rules of the Competence Centre.

2. Within two months of the end of each financial year, the Executive Director shall submit to the Governing Board for approval an annual activity report on the progress made by the Competence Centre in the previous calendar year, in particular in relation to the annual work programme for that year and the fulfilment of its strategic goals and priorities. That report shall include information on the following matters:

(a) operational actions carried out and the corresponding expenditure;

(b) the actions submitted, including a breakdown by participant type, including SMEs, and by Member State;

(c) the actions selected for funding, including a breakdown by participant type, including SMEs, and by Member State and indicating the contribution of the Competence Centre to the individual participants and actions;

(d) the fulfilment of the mission and objectives laid down in this Regulation and proposals for further necessary work to fulfil that mission and those objectives;

(e) the consistency of the implementation tasks with the Agenda and the multiannual work programme.

3. Once approved by the Governing Board, the annual activity report shall be made publicly available.