Governance is about the decision-making structure, processes and associated controls. Because the EIB is at the same time an EU body and a bank, it is governed by both public governance and corporate governance principles. We refer to these as “governance”.
The EIB has four statutory bodies (i.e. those referred to in the EIB Statute):
- Three decision-making bodies: the Board of Governors, the Board of Directors and the Management Committee;
- One control body: the Audit Committee.
Main roles of the governing bodies
|Governing Body||Main Role|
|Board of Governors||
- Guiding principles
|Board of Directors||- Approval of financing operations
- Approval of policies and the operational
- Control of the Management Committee
|Management Committee||- Day-to-day management of the Bank
under the authority of the EIB President
|Audit Committee||- Auditing of the annual accounts
- Verifying that the Bank’s activities conform
to best banking practice