# Decision of the Board of Governors of 20 January 2016 on the Amendments to the Rules of Procedure of the EIB to reflect the Strengthening of the EIB Governance [2016/772], Article 23.a

Extent: E+W+S+N.I.

1. Members of the Management Committee shall be persons of independence, competence and have experience in financial, banking and/or European Union matters. They shall, at all times:
be of high integrity and enjoy high reputation,
possess sufficient knowledge, skills and expertise to perform their duties.
The overall composition of the Management Committee shall aim to reflect an adequately broad range of expertise as well as gender diversity.
2. An Appointment Advisory Committee shall be set up in order to give a non-binding opinion on candidates' suitability to perform the duties of a member of the Management Committee in light of the criteria set out in the foregoing paragraph and specified further in the operating rules of this Committee before the Board of Governors makes the appointments referred to in Article 11.1 of the Statute.
The Committee shall comprise five members external to the Bank, appointed by the Board of Governors upon proposal of the President, having independence, competence, high integrity and high reputation. Members of the Committee shall possess relevant professional experience, in particular banking expertise, including banking supervisory and/or financial expertise, in the private or public sector and/or thorough knowledge of European Union matters. The overall composition of the Committee shall aim to reflect an adequately broad range of expertise as well as gender diversity. Members of the Committee shall be appointed for a period of up to 6 years and may be reappointed once.
The Bank shall organize secretarial services for the Committee. The Board of Governors shall adopt the operating rules of the Committee

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Source: https://www.legislation.gov.uk/eudn/2016/772/annex/article/23.a (the official version)
Page: https://openlegislation.uk/eu-decision-2016-772/annex/article-23.a
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.