Board of Governors
The Board of Governors comprises Ministers designated by each of the 27 Member States, usually Finance Ministers. It lays down credit policy guidelines, approves the annual accounts and balance sheet, and decides on the Bank’s participation in financing operations outside the European Union as well as on capital increases. It also appoints the members of the Board of Directors, the Management Committee and the Audit Committee.
Two independent committees report annually to the Board of Governors:
The Board of Governors adopted the operating rules of both committees on 20 January 2016.