Board of Directors

Last update 2 January 2013

Christian Noyer, Paris (Chairman of the Board of Directors)

Masaaki Shirakawa, Tokyo (Vice-Chairman)

Ben S Bernanke, Washington, DC; Mark Carney, Ottawa; Agustín Carstens, Mexico City; Luc Coene, Brussels; Andreas Dombret, Frankfurt am Main; Mario Draghi, Frankfurt am Main;  William C Dudley, New York; Stefan Ingves, Stockholm; Thomas Jordan, Zurich; Mervyn  King, London; Klaas Knot, Amsterdam; Baron Guy Quaden, Brussels; Fabrizio Saccomanni, Rome; Paul Tucker, London; Ignazio Visco, Rome; Jens Weidmann, Frankfurt am Main; Zhou Xiaochuan, Beijing

Alternates

Mathias Dewatripont or Jan Smets, Brussels; Paul Fisher or Michael Cross, London; Anne Le Lorier or Marc-Olivier Strauss-Kahn, Paris; Joachim Nagel or Karlheinz Bischofberger, Frankfurt am Main; Fabio Panetta, Rome; Janet L Yellen or Steven B Kamin, Washington, DC

About the Board

The Board of Directors has at present 19 members. The Board has six ex officio directors, comprising the Governors of the central banks of Belgium, France, Germany, Italy and the United Kingdom and the Chairman of the Board of Governors of the US Federal Reserve System. Each ex officio member may appoint another member of the same nationality. The Statutes also provide for the election to the Board of not more than nine Governors of other member central banks. The Governors of the central banks of Canada, China, Japan, Mexico, the Netherlands, Sweden, Switzerland and the President of the ECB are currently elected members of the Board.

The Board of Directors elects a Chairman from among its members for a three-year term. The Board also elects a Vice-Chairman.

The Board is responsible for determining the strategic and policy direction of the BIS, supervising the management, and fulfilling the specific tasks given to it by the Bank's Statutes. It meets at least six times a year. Four advisory committees, made up of selected Board members, assist the Board in its work:

• The Administrative Committee reviews key areas of the Bank's administration, such as budget and expenditures, HR policies and IT. The Committee's Chairman is Agustín Carstens.
• The Banking and Risk Management Committee addresses the financial objectives and the business model for BIS banking operations, and the risk management framework of the BIS. The Committee's Chairman is Stefan Ingves.
• The Audit Committee is the Board's contact with Internal & External Auditors and Compliance, and examines the implementation of the Bank's risk management framework and policies. The Committee is chaired by Mark Carney.
• The Nomination Committee deals with the appointment of the six members of the BIS Executive Committee and is chaired by the Board's Chairman.

The Board has adopted a Code of Conduct for Members of the Board of Directors.