<P> The General Meeting of Shareholders is held once a year, as a rule in April . Owing to the SNB's public mandate, the powers of the Shareholders' Meeting are not as extensive as in joint - stock companies under private law . </P> <P> The Bank Council oversees and controls the conduct of business by the Swiss National Bank and consists of 11 members . Six members, including the President and Vice President, are appointed by the Federal Council, and five by the Shareholders' Meeting . The Bank Council sets up four committees from its own ranks: an Audit Committee, a Risk Committee, a Remuneration Committee and an Appointment Committee . </P> <P> A list of the Bank Council members is published on the SNB website (see: http://www.snb.ch/en/iabout/snb/bodies/id/snb_bodies_council) </P> <P> The Swiss National Bank's management and executive body is the Governing Board . The Governing Board is responsible in particular for monetary policy, asset management strategy, contributing to the stability of the financial system and international monetary cooperation . The Governing Board consists of 3 members: </P>

The bank for international settlements is based in berne switzerland