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The Board of Directors

Who we are
Some dates and figures
EIB impact: Boosting GDP and jobs
Chronology of the EIB
Governance and structure
Shareholders
Statutory bodies
Board of Governors
Ethics and Compliance Committee
Appointment Advisory Committee
Board of Directors
Board Committee on Staff Remuneration and Budget
Board Committee on Risk Policy
Board Committee on Equity Participation Policy
Management Committee
Audit Committee
Control and evaluation
Organisation structure
Corporate responsibility
Responsible finance
Responsible borrower
Our footprint
An employer of choice
Community engagement
Reporting on sustainability
G.R.I.
Compliance
Tax good governance
Accountability
Complaints mechanism
Cases
Admissibility
Procedure
Initial assessment
Investigation
Mediation
Consultation
Our response
Admissibility timing
Procedure summary
How to complain
FAQ
Investigating Prohibited Conduct
How to report Prohibited Conduct
Part of the EU family
European Fund for Strategic Investments
EFSI projects
EFSI project list
What is EFSI?
How does a project get EFSI financing?
Governance
Steering Board
Investment Committee
Tackling global challenges together
Together on forced displacement and migration
Together on infrastructure
Partners
Civil society
Events
Consultations
Key policies and standards
Contacts
The EIB’s commitment to transparent lending
Banking community
Multilateral development banks
Universities
Jobs
Working for the EIB
Professional and managerial
Administrative and support
The GRAD programme
Secondments
Student jobs
Selection process
Current vacancies
FAQ - Jobs
Procurement
Economic research
European research hub
Our research
Surveys and data
Promoting dialogue
Assessing the macroeconomic impact of EIB activities

The Board of Directors

The Board of Directors has sole power to take decisions in respect of loans, guarantees and borrowings. As well as seeing that the Bank is properly run, it ensures that the Bank is managed in keeping with the provisions of the Treaty and the Statute and with the general directives laid down by the Governors. Its members are appointed by the Governors for a renewable period of five years following nomination by the Member States and are responsible solely to the Bank.

The Board of Directors consists of 29 Directors, with one Director nominated by each Member State and one by the European Commission. There are 19 Alternates, meaning that some of these positions will be shared by groupings of States.

Furthermore, in order to broaden the Board of Directors’ professional expertise in certain fields, the Board is able to co-opt a maximum of six experts (three Directors and three Alternates), who participate in the Board meetings in an advisory capacity, without voting rights.

Decisions are taken by a majority consisting of at least one third of members entitled to vote and representing at least 50% of the subscribed capital or, in clearly defined areas, with at least eighteen votes in favour, representing a minimum of 68% of the subscribed capital.

The President of the Management Committee or, in his absence, one of the Vice-Presidents, shall preside over meetings of the Board of Directors but shall not vote.