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Annual Report 2003

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Governing Structure

The highest policy-making body is the Board of Governors which comprises one representative from each ADB member. The Governors meet annually and elect the 12 members of the Board of Directors who serve 2-year terms. Each Director appoints an Alternate. The President is elected by the Board of Governors for a 5-year term and serves as Chairperson of the Board. The President manages ADB assisted by four Vice-Presidents and a Managing Director General. (For a current list of Governors and Directors, see appendixes 2 and 3.)

The Board of Directors met formally on 48 occasions and held 24 informal meetings in 2003 including briefings, discussion seminars, and presentations. In their informal meetings, the Directors examined a range of issues, including the Poverty Reduction Strategy, disaster and emergency assistance, Afghanistan’s development, cooperation with governments and NGOs, and human resource activities.

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