A/HRC/29/18 organization with international, non-profit status or an existing organization tasked with administering the fund. Such an organization would be accountable to the SecretaryGeneral and would establish a multi-stakeholder board comprising representatives from donor and recipient countries, as well as the private sector and civil society, which would be responsible for setting priorities and awarding grants, as well as for overseeing and monitoring programme implementation. The multi-stakeholder board would also be responsible for securing effective secretariat support for project screening, funds disbursement, monitoring and evaluation, and legal and financial management. 6. The present report seeks to advance consideration by the Human Rights Council on whether to create a new capacity-building fund for the implementation of the Guiding Principles. The following section summarizes the perspectives of stakeholders who provided written submissions for the most recent consultation process. Based on those submissions as well as on the Secretary-General’s feasibility study, the High Commissioner proposes further steps for consideration by the Human Rights Council at its twenty-ninth session. II. Summary of stakeholder views 7. Only a small number of responses were received in this round of consultations (four from States and two from civil society, one of which was a joint submission). It should be recalled that, although the consultations for the feasibility study had indicated wide support for the establishment of a new fund for the implementation of the Guiding Principles and that such a fund could be a useful mechanism, there was also a diversity of views concerning the priorities and governance arrangements for such a fund. The current consultations therefore sought to elicit additional views on issues relating to the scope and structure of a new fund. A. Stakeholder views on the scope of a new fund 8. In the feasibility study it was noted that, given the importance placed by all actors on the interrelated nature of the three pillars of the “Protect, Respect and Remedy” Framework, it seemed evident that the mandate for such a fund should be broad, with the ability to support projects to advance the implementation of and the capacity-building needs concerning the Guiding Principles at all levels of governance and across all relevant stakeholder groups. It was also noted that there appeared to be a widely shared view that a new fund should be designed in a way that would encourage further multi-stakeholder cooperation (see A/HRC/26/20/Add.1, para. 50). In the consultation process undertaken for the feasibility study, there was broad consensus among stakeholders that a new fund should not prioritize the provision of resources directly to the United Nations Secretariat and agencies to carry out capacity-building activities in the area of business and human rights. While support to civil society actors was widely viewed as being a key priority, there was a much broader range of views concerning other potential actors and activities that such a fund might support. 9. Those views were broadly reaffirmed in the most recent stakeholder submissions, which offered a number of additional recommendations as well. In one submission, it was proposed that a new fund should allow sufficient scope for the identification of regional priorities. It was suggested that stakeholders in some regions might benefit more from activities such as awareness-raising or capacity-building, for example, to advise small and medium-sized businesses on corporate human rights due diligence processes, whereas other regions might view the provision of support to communities in defending their rights vis-àvis companies as a more immediate priority. In another submission, it was suggested that a 3