Board of Directors

Guillermo Ortiz, Mexico City (Chairman of the Board of Directors)

Hans Tietmeyer, Frankfurt am Main (Vice-Chairman)

Ben S Bernanke, Washington, DC; Mark Carney, Ottawa; Mario Draghi, Rome;  William C Dudley, New York; Stefan Ingves, Stockholm; Mervyn  King, London; Jean-Pierre Landau, Paris: Christian Noyer, Paris; Guy Quaden, Brussels;  Jean-Pierre Roth, Zürich; Masaaki Shirakawa, Tokyo; Jean-Claude Trichet, Frankfurt am Main; Paul Tucker, London; Alfons Vicomte Verplaetse, Brussels; Axel Weber, Frankfurt am Main; Nout H E M Wellink, Amsterdam; Zhou Xiaochuan, Beijing

Alternates

Paul Fisher or Michael Cross, London; Pierre Jaillet or Denis Beau, Paris; Donald L Kohn or D Nathan Sheets, Washington, DC; Hans-Helmut Kotz or Wolfgang Mörke, Frankfurt am Main; Peter Praet or Jan Smets, Brussels; Fabrizio Saccomanni or Ignazio Visco, Rome

About the Board

The Board of Directors, currently chaired by Guillermo Ortiz, Governor of the Bank of Mexico, has 19 members (December 2008). 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 and 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 is chaired by the Board's Vice Chairman, Hans Tietmeyer.
• 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 Christian Noyer.
• The Nomination Committee deals with the appointment of the six members of the BIS Executive Committee and is chaired by the Board's Chairman, Guillermo Ortiz.

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