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The meeting of the Supervisory Commission begins as an activity prior to the CXV ordinary meeting of COCATRAM’s Board of Directors, held in Managua, Nicaragua, to review the financial aspects and compliance with the resolutions of previous meetings. The Oversight Commission is the second most important body of COCATRAM; its mission is to oversee the work and activities of the organization.

The Supervisory Commission is COCATRAM's second most important body.