ABOUT

The Organizational Structure

ICIEC

The overall governance of ICIEC is based on the following four-tier structure:

 

Board of Governors (BOG)

The BOG is composed of Ministers representing the Member Countries of the IDB. All powers of the Corporation are vested in the BOG. However, the BOG may delegate some of its powers to the Board of Directors of the Corporation (BOD).

Board of Directors (BOD)

The BOD, which is the same as the Board of IDB, is responsible for the general direction of the operations of ICIEC.

 

Chairman of the Board of Directors

The President of IDB is the ex-officio Chairman of the Board of Directors.

The Chief Executive Officer

The Chief Executive Officer, in accordance with the Guidelines, Rules and Regulations approved by the Board of Directors and under the general supervision of the Chairman of the Board of Directors, has full executive powers to manage the affairs of the Corporation. He can, within the powers delegated to him by the Board of Directors, approve operations and investments by the Corporation and the conclusion of contracts pertaining thereto within the Guidelines, Rules and Regulations approved by the Board of Directors.

The Chief Executive Officer attends the meetings of the Board of Directors without the right to vote in such meetings.

 

ICIEC's organization structure is composed of six main departments, of which three departments manage the insurance operations (Business Development, Trade Credit Insurance, and Structured Finance & Investment Insurance) and three departments provide support services (Legal & Claims, Accounting and Finance, and the Human Resources Management & Corporate Services). The Promotion and International Relations Unit, and Risk Management Divisions report directly to the CEO.