Governance
Governance is about the decision-making structure, processes and associated controls. Because the EIB is at the same time an EU body and a bank, it is governed by both public governance and corporate governance principles. We refer to these as “governance”.
The EIB has four statutory bodies (i.e. those referred to in the EIB Statute):
- Three decision-making bodies: the Board of Governors, the Board of Directors and the Management Committee;
- One control body: the Audit Committee.
Main roles of the governing bodies
| Governing Body | Main Role |
| Board of Governors |
- Guiding principles |
| Board of Directors | - Approval of financing operations - Approval of policies and the operational strategy - Control of the Management Committee More information |
| Management Committee | - Day-to-day management of the Bank under the authority of the EIB President More information |
| Audit Committee | - Auditing of the annual accounts - Verifying that the Bank’s activities conform to best banking practice More information |
