Board of Governors

E97872

decision-making body governing body

The Board of Governors is the highest decision-making body of the European Stability Mechanism, composed mainly of euro area finance ministers who set its overall policies and key financial decisions.

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All labels observed (1)

Label	Occurrences
Board of Governors canonical	2

Statements (41)

Predicate	Object
instanceOf	decision-making body ⓘ governing body ⓘ
abbreviation	ESM Board of Governors ⓘ
adopts	by-laws of the European Stability Mechanism ⓘ guidelines for financial assistance instruments ⓘ overall policies of the European Stability Mechanism ⓘ
appoints	Managing Director of the European Stability Mechanism ⓘ
approves	annual accounts of the European Stability Mechanism ⓘ annual report of the European Stability Mechanism ⓘ
canDelegate	implementation tasks to the Board of Directors ⓘ
composedOf	finance ministers of the euro area Member States ⓘ
country	Luxembourg ⓘ
decisionMakingRule	mutual agreement for key decisions ⓘ qualified majority for some decisions ⓘ
establishedBy	Treaty Establishing the European Stability Mechanism ⓘ surface form: Treaty establishing the European Stability Mechanism
hasChair	President of the Eurogroup ⓘ
hasMember	Eurogroup ⓘ surface form: euro area finance ministers
hasObserver	European Central Bank representative ⓘ European Commission representative ⓘ
hasVotingMember	governor from each ESM Member ⓘ
hasVotingRight	one vote per governor ⓘ
jurisdiction	euro area Member States ⓘ
language	English ⓘ
legalBasis	Treaty Establishing the European Stability Mechanism ⓘ surface form: Treaty establishing the European Stability Mechanism
locationOfMeetings	Luxembourg ⓘ
meetsAtLeast	once a year ⓘ
oversees	overall functioning of the European Stability Mechanism ⓘ
partOf	European Stability Mechanism ⓘ
purpose	ensure financial stability of the euro area ⓘ
reportsTo	ESM Members ⓘ
role	highest decision-making body of the European Stability Mechanism ⓘ
sector	European economic governance ⓘ
supervises	Board of Directors of the European Stability Mechanism ⓘ
takesDecisionOn	calling in authorised unpaid capital ⓘ capital structure of the European Stability Mechanism ⓘ changes in authorised capital stock ⓘ granting of financial assistance ⓘ key financial decisions of the European Stability Mechanism ⓘ lending capacity of the European Stability Mechanism ⓘ terms and conditions of financial assistance ⓘ
votingWeightBasedOn	ESM Member’s share in authorised capital stock ⓘ

Referenced by (2)

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

European Stability Mechanism → governedBy → Board of Governors ⓘ

ESM → governedBy → Board of Governors ⓘ

subject surface form: European Stability Mechanism