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Governing Structure
Board of Governors and Board of Directors
ADB’s highest policy-making body is its Board of Governors, which
is composed of 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 of Directors. The President
manages ADB, assisted by four Vice Presidents and a Managing Director
General.
Haruhiko Kuroda assumed office as ADB President on 1 February 2005
after being unanimously elected by the Board of Governors in November
2004.
Vice President Joseph Eichenberger completed his assignment on
31 December 2005. C. Lawrence Greenwood, Jr. was elected by the
Governors to replace Mr. Eichenberger. Mr. Greenwood assumed office
on 28 February 2006.
The Board of Directors met formally on 49 occasions and held 38
informal meetings in 2005 including briefings, discussion seminars,
and presentations. Members of the Board of Directors made official
visits to India, Maldives, and three Central Asian republics.
The Annual Meeting was held on 4–6 May 2005 in Istanbul, Turkey.
38th Annual
Meeting |
| The 38th annual meeting of the Board of Governors
was held in Istanbul, Turkey, from 4 to 6 May 2005, with activities
and events commencing on 2 May 2005.
 About
2,500 participants attended the annual meeting, including
representatives from multilateral and bilateral institutions,
the global financial community, and civil society
ADB’s Board of Governors recognized that developing Asia
had entered a new era of development characterized by dynamic
growth, increased interdependence, and an unprecedented prominence
in the global economy. The Governors also recognized that
the generally buoyant economic profile was not uniform, that
significant disparities in economic and social development
persist within countries and across the region, and that reducing
nonincome poverty has been slow in many countries.
The Governors expressed firm commitment to reducing poverty
and achieving the MDGs in the Asia and Pacific region, and
reaffirmed their vision of a region free of poverty.
The Governors also
- expressed their strong appreciation to ADB for its leadership
role and quick response in addressing the aftermath of the
tsunami in late 2004;
- reaffirmed the importance of Managing for Development
Results;
- noted ADB’s strong commitment to a more proactive role
in regional cooperation and integration, and welcomed the
creation of the Office of Regional Economic Integration;
- shared ADB’s concern with the negative net transfer of
resources to DMCs, and welcomed ADB's plan to streamline
policies and procedures, develop new lending instruments,
sharpen the focus of its operations, and ensure cost competitiveness,
within a welldefined medium-term strategic framework;
- urged ADB to work with governments, development partners,
and the private sector to meet the large infrastructure
challenges in the region; and
- commended ADB on the introduction of grants in ADF IX,
and noted that the use of ADF IX grant resources must be
consistent with ADB's overall commitment to development
effectiveness.
About 2,500 participants attended the annual meeting, including
representatives from multilateral and bilateral institutions,
the global financial community, and civil society. The 39th
annual meeting will be held in Hyderabad, India.
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