New method of election of members of ESMA’s Management Board
The Board of Supervisors of the European Securities and Markets Agency (ESMA) has made public a decision establishing the method of election of its Management Board’s members. This decision, which replaces Decision ESMA/2011/BS/2, was adopted on 29 January 2020. It introduces a new voting mechanism with the aim to achieve a Management Board which is gender balanced and proportionate and which reflects the EU as a whole.
The ESMA’s Management Board is composed of the Chairperson and six members of the Board of Supervisors, elected by and from the voting members of the Board of Supervisors. The Management Board is responsible for ensuring that the ESMA carries out its mission and performs the tasks assigned to it under Regulation 10