AIIB Governance

Board of Directors

Our non-resident Board of Directors is responsible for the direction of the Bank’s general operations, exercising all powers delegated to it by the Board of Governors. This includes approving the Bank’s strategy, annual plan and budget; establishing policies; taking decisions concerning Bank operations; and supervising management and operation of the Bank and establishing an oversight mechanism.

AIIB Directors and Alternates*

(As of Sept. 18, 2018)

  • DIRECTORS
  • ALTERNATES
  • CONSTITUENCY MEMBERS
DIRECTORS A-Z
*Please note that Mongolia, Sudan, Timor Leste and Vanuatu have not yet assigned their respective votes.

Committees of the Board

There are three Committees under the Board of Directors - the Audit and Risk Committee (ARC), the Budget and Human Resources Committee (BHRC), and the Policy and Strategy Committee (PSC). Both the BHRC and the PSC comprise six directors. The ARC comprises four directors and two external members. The Directors are appointed for a term of two years. The external members of the ARC are appointed for a term of three years.

Audit and Risk Committee

The responsibilities of the Audit and Risk Committee are as follows:

  • Review the Bank’s financial statements and accounting, auditing and financial reporting practices, procedures and issues;
  • Review the selection procedures for and the qualification and performance of the external auditors, and review the reports from the external auditors and ensure appropriate action be taken in respect of major improvement areas identified;
  • Review the scope of work and internal audit plan and the effectiveness of the internal audit function;
  • Review the effectiveness of internal control system; and
  • Review the Bank’s financial and risk-related policies, annually review the Bank’s risk management framework and its risk appetite statement.
  • Audit and Risk Committee:
  • Khalid Alkhudairy (Vice Chair)
  • Shixin Chen
  • Jan Engström (External Member)
  • Emil Levendolu (Chair)
  • Chaly Mah (External Member)
  • Rionald Silaban


ANNUAL REPORT OF THE AUDIT AND RISK COMMITTEE 2017-2018

Budget and Human Resources Committee

The responsibilities of the Budget and Human Resources Committee are as follows:

  • Review the proposed annual administrative budget, taking into account the annual business plan, review the quarterly budget execution update, and report thereon to the Board;
  • Review and assess the implementation of the staffing strategies, the compensation and benefits policies and related issues periodically, and make recommendations to the Board as appropriate;
  • Review the human resources update report semi-annually;
  • Undertake the functions of the Committee provided for under the Code of Conduct for Board Officials; and
  • Consider any other aspects of the annual administrative budget and the Bank’s human resources as the Board may request and report thereon to the Board.
  • Budget and Human Resources Committee:
  • Khalid Alkhudairy
  • Mehmet Alper Batur (Vice Chair)
  • Veronika Baumgartner-Putz (Chair)
  • Grigory Butrin
  • Emil Levendolu
  • Rionald Silaban

Policy and Strategy Committee

The responsibilities for the Policy and Strategy Committee are as follows:

  • Review the Bank’s operational policies (other than financial and risk-related policies), including but not limited to the environment, social and procurement policies, and report thereon to the Board;
  • Advise on the development of the Bank’s strategies and report thereon to the Board;
  • Review the proposed annual business plan, taking into account the annual administrative budget, and report thereon to the Board; and
  • Undertake any other activities consistent with these Terms of Reference as the Board may request and report thereon to the Board.
  • Policy and Strategy Committee:
  • Shixin Chen (Vice Chair)
  • Chang Huh
  • Mark Dennis Y.C. Joven
  • Sameer Kumar Khare
  • Christopher Legg (Chair)
  • Paul Samson