| The Executive Directors are responsible for the conduct of the general operations of the Bank and exercise all the powers delegated to them by the Board of Governors under the Articles of Agreement. Five Executive Directors are appointed by the members with the five largest numbers of shares (currently the United States, Japan, Germany, France and the United Kingdom). The other Executive Directors are elected by the other members. In IFC and IDA, Executive Directors and Alternates of the Bank serve ex-officio as Executive Directors and Alternates of IFC and IDA (as long as the country that appoints them, or any one of the countries that have elected them, is also a member of IFC and IDA). Members of the MlGA Board of Directors are elected separately. Regular electionsof Executive Directors are held every two years, normally in connection with the Bank’s Annual Meetings. Over the years, it has been customary for election rules to ensure that wide geographical and balanced representation be maintained on the Board of Executive Directors. Increases in the number of elected Executive Directors require a decision of the Board of Governors by an 80% majority of the total voting power. Before November 1, 1992, there were 22 Executive Directors, 17 of whom were elected. In 1992, in view of the large number of new members that had joined the Bank, the number of elected Executive Directors was increased to 19. The two new seats, Russia and a new group around Switzerland, brought the total number of Executive Directors to its present level of 24. The Executive Directors function in continuous session at the Bank and meet as often as the Bank’s business requires. Executive Directors consider and decide on IBRD loan and guarantee proposals and IDA credit, grant and guarantee proposals made by the President, and they decide on policies that guide the Bank's general operations. They are also responsible for presenting to the Board of Governors, at the Annual Meetings, an audit of accounts, an administrative budget, and an annual report on the Bank's operations and policies as well as other matters. In shaping Bank policy, the Board of Executive Directors takes into account the evolving perspectives of member countries on the role of the Bank Group as well as the Bank's operational experience. In addition to attending regular Board meetings twice a week, the Executive Directors also serve on one or more of five standing committees: the Audit Committee, Budget Committee, Committee on Development Effectiveness (CODE), Personnel Committee, and Committee on Governance and Executive Directors’ Administrative Matters. The committees help the Board discharge its oversight responsibilities through in-depth examinations of policies and practices. The terms of reference of the five committees are described in Resolution on Standing Committees of July 6, 2009.  IBRD/IFC/IDA Executive Directors & Alternates (21K PDF  )
MIGA Directors & Alternates (21K PDF )
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