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=== Council for the Economy === {{main|Council for the Economy}} The Council for the Economy has the task of supervising the structures and the administrative and financial activities of the curial institutions and of the offices and institutions connected with the Holy See or which refer to it, indicated in the list attached to its Statute. The Council for Economic Affairs shall exercise its functions in the light of the Church's social doctrine and in accordance with internationally recognized best practices in public administration, with a view to ethical and efficient administrative and financial management. The council consists of eight cardinals or bishops, representing the universality of the Church, and seven lay persons, chosen from among experts of various nationalities. The fifteen members are appointed for five years by the Roman Pontiff. The Council submits for the approval of the Roman Pontiff guidelines and norms aimed at ensuring that: # the assets of the bodies and administrations subject to its supervision are protected; # capital and [[financial risk]]s are reduced; # human, material and financial resources are allocated rationally and managed prudently, efficiently and transparently; and # bodies and administrations carry out their duties efficiently, in accordance with the activities, programs and budgets approved for them. The Council examines the proposals put forward by the Secretariat for the Economy, as well as any suggestions presented by the various Administrations of the Holy See, the Authority for Supervisionand Financial Information and other entities indicated in its own Statutes. The current Coordinator is [[Reinhard Marx|Reinhard Cardinal Marx]].
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