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The Session elects a president by secret ballot for a term of eight years, renewable once for four years.
The IOC chooses and elects its members from those its nominations committee considers qualified.
All Olympic Movement members have the right to submit nominations.
Fifteen members come from the international sports federations, 15 come from National Olympic Committees and 70 others are individual members.
Most of the funding received by the IOC comes from the rights to the Games bought by broadcasters. But money also comes from the Olympic Partners world-wide sponsorship program comprising multinational corporations.
A common misconception, said Podborski, is that IOC members act as delegates for their own country.
Rather the members are IOC representatives in their own countries.
As part of the bid process Vancouver and Whistler will host an evaluation committee early next year. It is made up of 18 people. Three or four are IOC members. The rest are experts in various sporting endeavours and accountants. The same team goes to every candidate city.
"Their job is really to ensure you can deliver the goods," said Podborski.
The evaluation committee will report back to other IOC officials on such things as the athletic facilities of the Games, and housing for the athletes, coaches, officials and visiting spectators. It does not make a recommendation.
Candidates must also convince the IOC they can provide transportation, food service and cultural activities.
Host cities are chosen by a majority vote of the IOC.
One of B.C.s best assets in pushing its bid, said Podborski is its track record.
"One of the great strengths of our bid is that we can do this on time and well," he said.
"We are Canadian. If we say we are going to do something we probably will and that is an important thing when you are talking about a billion dollar event."
IOC members are not influenced by decisions which have nothing to do with their organization said Podborski in reply to a question from Councillor Nick Davies about how the sport organization may view a rejection of the World Economic Forums annual conference by the resort.
An IOC member would say, "my vote is my vote," said Podborski.
"Im not letting someone else dictate to me," they would say.
"The IOC members really dont care what happens with the WEF."
But that said, Podborski admitted that bad publicity surrounding the conference or the resorts involvement is bound to have repercussions.