Board of Directors
E98878
The Board of Directors is the governing body responsible for overseeing and making key strategic and financial decisions for the European Stability Mechanism.
Aliases (1)
Statements (40)
| Predicate | Object |
|---|---|
| instanceOf |
decision-making body
→
governing body → organ of the European Stability Mechanism → |
| adopts |
investment policy of the European Stability Mechanism
→
operational policies of the European Stability Mechanism → risk management framework of the European Stability Mechanism → |
| aimsTo |
safeguard the financial stability of the euro area through the ESM’s operations
→
|
| approves |
annual accounts of the European Stability Mechanism
→
annual budget of the European Stability Mechanism → financial statements of the European Stability Mechanism → |
| canDelegate |
specific tasks to the Managing Director
→
|
| compositionDeterminedBy |
ESM Treaty
→
|
| decisionMakingMethod |
usually by qualified majority as defined in the ESM Treaty
→
|
| ensures |
prudent and sound financial management of the ESM
→
that ESM operations are consistent with EU economic policy coordination → |
| governs |
operational management of the European Stability Mechanism
→
|
| hasAuthorityOver |
terms and conditions of financial assistance instruments
→
use of the ESM’s paid-in capital and reserves → |
| hasMember |
Director appointed by each ESM Member
→
alternate Director for each Director → |
| hasRole |
adopt guidelines and policies for the ESM’s operations
→
approve disbursements under financial assistance programmes → approve financial assistance operations → ensure compliance with the ESM Treaty and by-laws → ensure proper implementation of the ESM’s objectives → make key financial decisions for the European Stability Mechanism → make key strategic decisions for the European Stability Mechanism → monitor the financial performance of the ESM → oversee operations of the European Stability Mechanism → oversee risk management of the ESM → prepare matters for decision by the Board of Governors of the ESM → |
| isAccountableTo |
Board of Governors of the European Stability Mechanism
NERFINISHED
→
|
| jurisdiction |
euro area Member States that are ESM Members
→
|
| legalBasis |
Treaty establishing the European Stability Mechanism
NERFINISHED
→
|
| meetsAt |
headquarters of the European Stability Mechanism in Luxembourg
→
|
| oversees |
day-to-day business of the European Stability Mechanism
→
|
| partOf |
European Stability Mechanism
NERFINISHED
→
|
| reportsTo |
Board of Governors of the European Stability Mechanism
NERFINISHED
→
|
| sector |
European financial stability mechanism
NERFINISHED
→
|
| supervises |
Managing Director of the European Stability Mechanism
→
|
Referenced by (2)
| Subject (surface form when different) | Predicate |
|---|---|
|
European Stability Mechanism
→
European Stability Mechanism → |
governedBy |