Board of Governors
E97872
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.
Aliases (1)
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
NERFINISHED
→
|
| decisionMakingRule |
mutual agreement for key decisions
→
qualified majority for some decisions → |
| establishedBy |
Treaty establishing the European Stability Mechanism
→
|
| hasChair |
President of the Eurogroup
→
|
| hasMember |
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
→
|
| locationOfMeetings |
Luxembourg
→
|
| meetsAtLeast |
once a year
→
|
| oversees |
overall functioning of the European Stability Mechanism
→
|
| partOf |
European Stability Mechanism
NERFINISHED
→
|
| 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)
| Subject (surface form when different) | Predicate |
|---|---|
|
European Stability Mechanism
→
European Stability Mechanism → |
governedBy |