Governance




The ICSID is governed by its Administrative Council which meets annually and elects the center's secretary-general and deputy secretary-general, approves rules and regulations, conducts the center's case proceedings, and approves the center's budget and annual report. The council consists of one representative from each of the center's contracting member states and is chaired by the President of the World Bank Group, although the president may not vote. The ICSID's normal operations are carried out by its secretariat, which comprises 40 employees and is led by the secretary-general of the ICSID. The secretariat provides support to the Administrative Council in conducting the center's proceedings. It also manages the center's Panel of Conciliators and Panel of Arbitrators. Each contracting member state may appoint four persons to each panel.:15 In addition to serving as the center's principal, the secretary-general is responsible for legally representing the ICSID and serving as the registrar of its proceedings. As of 2012update, Meg Kinnear serves as the center's secretary-general.

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Membership

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ICSID's 163 member states which have signed the center's convention include 162 United Nations member states plus Kosovo. Of these member states, 154 are "contracting member states", that is they have ratified the contract. Former members are Bolivia, Ecuador (withdrew 2009), and Venezuela, which withdrew in 2012. All ICSID contracting member states, whether or not they are parties to a given dispute, are required by the ICSID Convention to recognize and enforce ICSID arbitral awards. Non-contracting signatories edit The following member states have signed the ICSID convention (date in parentheses), but have not ratified it.   Belize (1986)   Djibouti (2019)   Dominican Republic (2000)   Ethiopia (1965)   Guinea-Bissau (1991)   Kyrgyzstan (1995)   Namibia (1998)   Russia (1992)   Thailand (1985) Non members edit Brazil, India and South Africa are countries with large economies that have never been ICSID members.
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