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 February 10, 2017)

  • DIRECTORS
  • ALTERNATES
  • CONSTITUENCY: FOUNDING MEMBERS
  • CONSTITUENCY: FOUNDING SIGNATORIES*
DIRECTORS A-Z
* Founding Membership is subject to Signatories' ratification of the AIIB Articles of Agreement in accordance with Article 58 thereof.
** Founding Member which has not elected, or assigned its votes, to a Director.

Committees of the Board

As of February 2017, the Board has approved the establishment of three Board Committees to support its work. These are the Audit Committee; the Budget and Human Resources Committee (BHRC); and the Policy and Strategy Committee (PSC). The BHRC and PSC each comprises six Directors. The Audit Committee comprises three Directors and two external members. The term of each Board member on the Committees are the same as the two-year term of the Board. The external members of the Audit Committee are appointed for a term of three years.

Audit Committee

The Terms of Reference for the Audit 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 annual report 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 review the effectiveness of the internal audit function and the internal control systems related to financial reporting and process; and
  • Review the effectiveness and integrity of the risk management processes and policies, information technology security and control.
  • Members of the Audit Committee:
  • Sulaiman M. Al-Turki (Chair)
  • Timur Maksimov
  • Rionald Silaban
  • Jan Engström (external member)
  • Chaly Mah (external member)

Budget and Human Resources Committee

The Terms of Reference for the Budget and Human Resources Committee are as follows:

  • Review the proposed annual budget, taking into account the financings of the annual mid-term reviews, and report thereon to the Board;
  • Review and assess the implementation of the compensation and benefits policies and related issues and make recommendations to the Board as appropriate;
  • Undertake the functions of the Committee provided for under the Code of Conduct of Board Officials; and
  • Consider any other aspects of the budget and the Bank’s human resources as the Board may request and report thereon to the Board.
  • BHR Committee:
  • Ömer Ethem Bayar
  • Boonchai Charassangsomboon
  • Yoon Kyung Kim
  • Ahmed Kouchouk
  • Nikolai Putscher (Vice Chair)
  • Dinesh Sharma (Chair)

Policy and Strategy Committee

The Terms of Reference for the Policy and Strategy Committee are as follows:

  • Review the Bank's financial and operational 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;
  • Undertake any other activities consistent with these Terms of Reference as the Board may request and report thereon to the Board.
  • PS Committee:
  • Sulaiman M. Al-Turki
  • Chen Shixin (Vice Chair)
  • Chris Legg (Chair)
  • Vanessa MacDougall
  • Timur Maksimov
  • Rionald Silaban