§ Mr. MitchellTo ask the Chancellor of the Exchequer if he will state the name and qualifications of the representative of the United Kingdom on the Board of the European Investment Bank and the United Kingdom institutions or persons to which he is responsible; what part(a) that person and (b) Her Majesty's Government plays in the nomination and appointment of the (i) president and (ii) vice-president of that bank; what changes have (A) occurred and (B) are about to occur in that office; and what representations he has received concerning the filling of such vacancies. [134181]
§ Miss Melanie JohnsonThe governing bodies of the European Investment Bank consist of the Board of Governors, Board of Directors and Management Committee, as set out in the Bank's Statute (a Protocol to the EC Treaty). The United Kingdom representative on the Board of Governors is the Chancellor of the Exchequer. The UK members of the Board of Directors are listed in the EIB's Annual Report, a copy of which is in the Library. The UK members are nominated by the Chancellor and appointed by the Board of Governors.
The resident Management Committee of the Bank comprises the President and seven Vice-Presidents. Appointments are made by the Board of Governors on a proposal from the Board of Directors. In order to ensure a balance of Vice-Presidents from different member states the Board of Directors considers for appointment a candidate nominated by the Governor of a particular member state. The candidate nominated is a matter for the Governor concerned.
There have recently been two appointments to Vice-Presidency posts.