With the general liberalisation of the telecommunications sector in Europe, EUTELSAT's assets, liabilities and operational activities were transferred to a private company called Eutelsat S.A. established for this purpose in July 2001. The structure role and activities of the new intergovernmental organisation EUTELSAT IGO evolved. To this day, the main purpose of EUTELSAT IGO has been to ensure that Eutelsat S.A. observes the Basic Principles set forth in the EUTELSAT Amended Convention entered into force in November 2002. These Basic Principles refer to public service/universal service obligations, pan European coverage by the satellite system, non-discrimination and fair competition. The Executive Secretary of EUTELSAT IGO participates in all meetings of the Board of Directors of Eutelsat Communications S.A. and Eutelsat S.A. as an observer to the Board ("censeur").