The directors are appointed from among persons with professional or academic experience in business or financial matters and who are not officials or employees of the bank. All directors of the board are non-executive directors. The Secretary to the Treasury is an ex-officio member of the board and without power to vote.
The directors are chosen from individuals with business or financial expertise who are neither bank officials nor employees, and all board members are non-executive. The Secretary to the Treasury is a non-voting member by virtue of their position.