Operation and structure
The BASE is managed by a Board of directors composed of a maximum of ten directors nominated by the members of the Association.
The Board of directors may co-opt a maximum of three independent directors who are elected on the basis of their experience in the financial sector and who have served on the governing bodies of a member or former member.
The directors who are elected or co-opted may co-opt an additional director who bears the title of Managing Director and who is appointed on the basis of his experience and technical knowledge and to whom they can entrust the day-to-day management of the Association within the limits set by them.
The directors’ mandates are for two years and are renewable.
The Board elects a Chair, Vice-Chair, Secretary and Treasurer from among its members.
The Board meets at least four times a year and reports to the General Assembly. As a rule, the General Assembly takes place at the beginning of June.
The Chair of the Board of directors chairs the General Meeting.
The Director Financial Markets and Infrastructure of Febelfin is also Managing Director of the BASE. He heads the Secretariat of the Association.