Common use of Management Board Clause in Contracts

Management Board. The Management Board shall be the Bank's executive body. The Management Board shall report to the Board of Directors and the Board of Governors. The Management Board shall consist of the Chairperson of the Management Board and his/her deputies appointed by the Board of Governors for a five-year term, generally from among citizens of the Bank's member states. When voting at Management Board meetings, each member of the Management Board shall have one vote. The Management Board's main task shall be to supervise the Bank's operations in accordance with the Agreement, the Charter, the resolutions of the Board of Governors and the Board of Directors. The Chairperson of the Management Board shall directly manage the day-to-day affairs of the Bank and the Management Board within the scope of his/her authority and rights granted under this Charter, the resolutions of the Board of Governors and the Board of Directors. The Chairperson of the Management Board shall participate in the meetings of the Board of Governors and shall chair the meetings of the Board of Directors. The Chairperson of the Management Board shall not vote at the meetings of the Board of Governors and the Board of Directors. The following falls within the competence of the Chairperson of the Management Board:

Management Board. The Management Board shall be the Bank's executive body. The Management Board shall report to the Board of Directors and the Board of Governors. The Management Board shall consist of the Chairperson of the Management Board and his/her deputies appointed by the Board of Governors for a five-year term, generally from among citizens of the Bank's member states. When voting at Management Board meetings, each member of the Management Board shall have one vote. The Management Board's main task shall be to supervise the Bank's operations in accordance with the Agreement, the Charter, the resolutions of the Board of Governors and the Board of Directors. The Chairperson of the Management Board shall directly manage the day-to-day affairs of the Bank and the Management Board within the scope of his/her authority and rights granted under this Charter, the resolutions of the Board of Governors and the Board of Directors. The Chairperson of the Management Board shall participate in the meetings of the Board of Governors and shall chair the meetings of the Board of Directors. The Chairperson of the Management Board shall not vote at the meetings of the Board of Governors and the Board of Directors. The following falls within the competence of the Chairperson of the Management Board: