The seven times world champion, who quit in 2006, will form part of a five-man management committee for the worldwide Motor Sport Safety Development Fund.
The International Automobile Federation (FIA) said in a statement that the intention was to use the fund over the next five years to concentrate on three safety programmes for drivers, officials and facilities.
Other members of the committee are FIA president Max Mosley, former Ferrari team boss Jean Todt, Mercedes motorsport director Norbert Haug and Nick Craw who represents the national sporting associations.
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