Board of Governors

E229005

The Board of Governors is the highest decision-making body of the New Development Bank, composed mainly of finance ministers or equivalent officials from member countries who oversee the bank’s strategic direction and major policies.

All labels observed (1)

Label Occurrences
Board of Governors canonical 2

How this entity was disambiguated

Statements (33)

Predicate Object
instanceOf decision-making body
governing body
composedMostlyOf equivalent senior government officials of member countries
finance ministers of member countries
delegatesPowersTo Board of Directors of the New Development Bank
establishedFor governance of the New Development Bank
governs overall operations of the New Development Bank
hasAuthorityOver admission of new members of the New Development Bank
amendments to the Articles of Agreement of the New Development Bank
appointment of external auditors of the New Development Bank
changes in authorized capital stock of the New Development Bank
distribution of net income of the New Development Bank
election of directors to the Board of Directors of the New Development Bank
hasDecisionType resolutions adopted by majority or special majority as defined in the Articles of Agreement
hasFunction approves major policies of the New Development Bank
exercises powers delegated by the Articles of Agreement of the New Development Bank
oversees strategic direction of the New Development Bank
hasLanguage English (working language of the New Development Bank)
hasMemberType alternate governor
governor
hasOneAlternateGovernorPer member country of the New Development Bank
hasOneGovernorPer member country of the New Development Bank
hasScope all member countries of the New Development Bank
legalBasis Articles of Agreement of the New Development Bank
mayDelegate specific powers to the Board of Directors except those expressly reserved to itself
meetsAtLeast once a year
oversees long-term strategic priorities of the New Development Bank
overall policy framework of the New Development Bank
partOf New Development Bank
relatedTo BRICS
surface form: BRICS countries
reportsTo member countries of the New Development Bank
role highest decision-making authority of the New Development Bank
sector multilateral development finance

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

New Development Bank governingBody Board of Governors
NDB governanceBody Board of Governors
subject surface form: New Development Bank