Supervisory Board of the European Central Bank

It meets twice a month to discuss, plan and carry out the ECB's supervisory tasks.

[1] It is not, however, the ultimate decision-making body, as it only prepares draft decisions for the Governing Council under a no-objection procedure.

In such cases, the representatives are together considered as one member for the purposes of the voting procedure.

[1] The Supervisory Board's Steering Committee supports its activities and prepares its meetings.

The latter five representatives are appointed by the Supervisory Board for one year based on a rotation system that ensures a fair representation of countries.