11997E112

Treaty establishing the European Community (Amsterdam consolidated version) - Part Three: Community policies - Title VII: Economic and monetary policy - Chapter 3: Institutional provisions - Article 112 - Article 109a - EC Treaty (Maastricht consolidated version)

Official Journal C 340 , 10/11/1997 P. 0224 - Consolidated version
Official Journal C 224 , 31/08/1992 P. 0038 - Consolidated version


Treaty establishing the European Community (Amsterdam consolidated version)

Article 112

1. The Governing Council of the ECB shall comprise the members of the Executive Board of the ECB and the Governors of the national central banks.

2. (a) The Executive Board shall comprise the President, the Vice-President and four other members.

(b) The President, the Vice-President and the other members of the Executive Board shall be appointed from among persons of recognised standing and professional experience in monetary or banking matters by common accord of the governments of the Member States at the level of Heads of State or Government, on a recommendation from the Council, after it has consulted the European Parliament and the Governing Council of the ECB.

Their term of office shall be eight years and shall not be renewable.

Only nationals of Member States may be members of the Executive Board.