Chapter 7, Governance, provides an in-depth look at AIIB’s three levels of governance: the Board of Governors, the Board of Directors and the President. The Chapter describes the organization, composition and powers for each level. There is a detailed explanation of the differences and similarities in comparison with the arrangements at other multilateral development banks, and a discussion of how AIIB’s arrangements related to ongoing reforms elsewhere, including the non-resident Board of Directors. Other governance-related functions that form part of AIIB’s governance framework are summarized: Compliance, Effectiveness and Integrity Unit (CEIU), Audit, Ethics, staff dispute resolution, International Advisory Panel, and transparency. The rules for AIIB’s voting power are explained, as are the rules for decision-making (including qualified majorities at the Boards). Tables list these rules and also compare AIIB’s majority decisions with similar decisions at other multilateral development banks. A table shows AIIB capital and voting power at December 2017.
Introduction to the new International Advisory Panel
