World ¶¹ÄÌÊÓƵAPP Governor
¶¹ÄÌÊÓƵAPP Board of Governors is the ¶¹ÄÌÊÓƵAPP¡¯s senior decision-making body. The Governors, usually Ministers of Finance or Development, meet twice a year. The Governors have the power to admit and suspend members of the World ¶¹ÄÌÊÓƵAPP Group, increase or decrease the authorized capital stock, determine the distribution of the net income of the ¶¹ÄÌÊÓƵAPP, and decide on the World ¶¹ÄÌÊÓƵAPP Group¡¯s overall strategic direction.
To connect with the current governors and alternate governors offices, please refer to .
World ¶¹ÄÌÊÓƵAPP Executive Director
The Governor Delegates responsibility for overseeing the day-to-day business of Norway¡¯s interests at the ¶¹ÄÌÊÓƵAPP to the Executive Director (ED) representing Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. EDs reside in Washington and normally meet twice a week to decide on borrowing and financial questions, projects, and policies that affect World ¶¹ÄÌÊÓƵAPP Group general operations.
Shares and Voting Power
¶¹ÄÌÊÓƵAPP Group has a weighted system of voting. All members of the ¶¹ÄÌÊÓƵAPP receive votes consisting of share votes (one vote for each share of the ¶¹ÄÌÊÓƵAPP's capital stock held by the member) plus basic votes (calculated so that the sum of all basic votes is equal to 5.55% of the sum of basic votes and share votes for all members). The voting power distribution differs from agency to agency within the World ¶¹ÄÌÊÓƵAPP Group.
For the latest voting status, please visit the Voting Powers page.