Eight Board Members up for re-election in May meetings

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The four-year term of the following member-banks in the ADFIAP Board of Directors is due to expire during the next General Assembly Meeting set to be held in Hanoi Vietnam on May 10, 2007. However, as provided for by the Association’s Constitution, these institutions are eligible to seek for re-election for another term of four years. These member-banks are: Fiji Development Bank, Development Bank of Kazakhstan, Planters Development Bank, House Building Finance Corporation, Development Bank of Samoa, TMB Bank Public Co. Ltd., Development Bank of Turkey and Bank for Investment & Development of Vietnam.

Membership in the Board is institutional and that the Head of Institution (or the institution’s designated high-ranking officer) represents the institution in the ADFIAP Board. Also, in accordance to earlier Board resolutions that recognize a broad-based country representation in the ADFIAP Board, there should be one member-institution per country in the Board, the only exception is that the member in that country should be an Ordinary Member with voting rights (Note: Special, Associate and Sponsor Members have no voting rights) and that the maximum number of Board seats is 30, as provided for in the Constitution.

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