The Executive Board, founded in 1921, consists of the International Olympic Committee (IOC) President, four Vice-Presidents and ten other members. All the members of the Executive Board are elected by the Session, by secret ballot, by a majority of votes cast, for a four-year term.
The Executive Board manages the affairs of the IOC. It:
- assumes the general overall responsibility for the administration of the IOC;
- monitors the observance of the Olympic Charter;
- approves the IOC's internal organisation, its organisation chart and all internal regulations relating to its organisation;
- is responsible for the management of the IOC's finances and prepares an annual report;
- presents a report to the Session on any proposed change of the Olympic Charter, one of its Rules or bye-laws;
- submits, on proposal of the Nomination Commission, to the IOC Session the names of the persons whom it recommends for election to the IOC;
- conducts the procedure for acceptance and selection of candidatures for the organisation of the Olympic Games;
- establishes the agenda for the IOC Sessions;
- upon proposal from the President, it appoints the Director General;
- enacts, in the form it deems most appropriate, (codes, rulings, norms, guidelines, guides, instructions) all regulations necessary to ensure the proper implementation of the Olympic Charter and the organisation of the Olympic Games;
- organises periodic meetings with the IFs and with the NOCs at least once every two years;
- creates and allocates IOC honorary distinctions;
- performs all other duties assigned to it by the Session.
The Executive Board meets when convened by the President on the latter's initiative or at the request of the majority of its members.
Thomas Bach, President of the IOC
"The Olympic Movement is not only the allocation and ruling of the Olympic Games. It is something throughout the world, which exists for 24 hours a day for every day of the year. It is something that can be good to all!"
The Lord Killanin - 6th IOC President