Under Article VIII of the Articles of Agreement, the Bank is organised, administered and controlled by the following organs:
the Governing Board,
the Administrative Council,
the Governor,
the Auditing Board.

In accordance with Article XIII of the Articles of Agreement, the secretariat of the organs of the Bank is provided by the "Secretariat of the Partial Agreement on the Council of Europe Development Bank", Council of Europe, Strasbourg.

The powers of the Governing Board are described in Article IX of the Articles of Agreement.
It consists of a Chairman and one representative for each member state. (Composition)
The Governing Board sets out the general orientations for the Bank's activity, lays down the conditions for Bank membership by other states, decides on capital increases, approves the annual report, the accounts and the Bank's general balance sheet. It elects its own Chairman and the Chairman of the Administrative Council and appoints the Governor and the members of the Auditing Board.
The Chairman is Mr Lars KOLTE (Denmark)
The Vice-Chairperson is Mrs Meta BOLE (Slovenia)

The powers of the Administrative Council are described in Article X of the Articles of Agreement.
The Administrative Council consists of a Chairman and one representative for each member state. (Composition)
The Administrative Council exercises the powers delegated to it by the Governing Board, establishes and supervises operational policies, approves investment projects submitted by the governments. It votes on the Bank's operating budget. Its Chairman is elected by the Governing Board.
The Chairman is Mr Rainer STECKHAN (Germany).
The Vice-Chairperson is Mrs Inta VASARAUDZE (Latvia).

Executive Committee
In 1994, an Executive Committee was created within the Administrative Council. It consists of Members of the Administrative Council and is chaired by the Chairman of the Administrative Council. It is, in particular, responsible for carrying out an initial examination of requests for financing, for monitoring the execution of the projects financed and for monitoring the financial activity.

The powers of the Governor are described in Article XI of the Articles of Agreement.
The Governor is the Bank's legal representative. He is the head of the Bank's operational services and responsible for the Bank's staff under the general supervision of the Administrative Council.
He conducts the Bank's financial policy, in accordance with Administrative Council guidelines, and he represents the Bank in all its transactions. He examines the technical and financial aspects of the requests for financing submitted to the Bank and refers them to the Administrative Council.

The present Governor is Mr Raphaël ALOMAR.
He is assisted by three Vice-Governors, Mr Nunzio GUGLIELMINO, Vice-Governor Delegate, Mr Apolonio RUIZ-LIGERO and Mr Imre TARAFÁS.

The powers of the Auditing Board are described in Article XII of the Articles of Agreement.
The Auditing Board is composed of three members appointed by the Governing Board. It checks the accuracy of the annual accounts, after they have been examined by an external auditor.

Members named for 2008:
Finland: Aunus SALMI, Chartered Public Accountant, Helsinki; Former Member of the European Court of Auditors (1995-2006)
Romania: Horia NEAMTU, Vice-President of the Romanian Chamber of Financial Auditors, Bucharest
San Marino: Nicola CECCAROLI, General Director, Fin-Alternative Investments, SA, Dogana