The ADFIAP Board of Directors held its 77th meeting in Ulaanbaatar, Mongolia on May 22, 2013 in conjunction with the 36th ADFIAP Annual Meetings. ADFIAP Chairman Datuk Wan Azhar Wan Ahmad presided over the meeting. 16 of the 22 members of the Board and/or their representatives attended the meeting which constituted a quorum by simple majority.
The Board approved and confirmed the following matters: (1) membership applications of the Development Bank of Mongolia, International Investment Bank of Russia, Optimum Development Bank and IFCL Group (2) venue and timing of the 37th ADFIAP Annual Meetings in April 2014 to be held in Moscow, Russia and hosted by the Vnesheconombank (3) venue and timing of the CEO Forum X to be held in Kuala Lumpur, Malaysia in November 2014 (4) venue of the 38th Annual Meetings in 2015 to be held in Vietnam and hosted by the Vietnam Development Bank (5) appointment of the Deputy Secretary General and (6) the Secretariat pension plan.
The ADFIAP Board meets twice a year to review policies, plans and direction of the Association as well as approve and confirm matters brought to its attention by the Secretariat. The next Board meeting will be held in December 2013 in Kuala Lumpur, Malaysia in conjunction with the “Global Conference on SME Finance & Development” organized by the SME Bank Malaysia and its subsidiary, the Centre for Entrepreneur Development and Research (CEDAR). The exact dates for this meeting and the conference will be announced soon.