Appointment and Election of Executive Directors

The 10 Executive Directors who each represent a country, or constituency of countries, are either appointed or elected to the position. In the case of a constituency of countries, their constituency arrangements, including which country will nominate for the position of Executive Director, are regulated by internal constituency agreements. The Bank has no role in negotiating or administering these constituency agreements - they are matters for government shareholders within the constituency. For elections, a majority of the votes cast shall be required for successful election of a nominee. Regular elections of Executive Directors take place every two years and are governed by election rules approved by the Board. The Bank’s role in elections is to administer the election in accordance with the requirements of the Articles.

Each Executive Director appoints an Alternate Executive Director who has full power to act for him or her when he or she is not present. Furthermore, Senior Advisors and Advisors assist the Executive Directors in their work, who can, along with the Alternates to Executive Directors, attend most Board meetings in an advisory capacity, without voting rights

Voting Powers

The voting power of each Member country/stake holder is based on the number of shares it holds. Shares are allocated differently in each organization, resulting in different voting powers.

The Corporate Secretariat is responsible for coordinating the process of membership as well as assisting members to complete their subscriptions to their allocated shares under periodic capital. It provides advice on the procedures for subscribing to additional shares as authorized under resolutions approved by the Boards of Directors, including required documentation and capital subscriptions payments.