Multilateral Investment Guarantee Agency - Council of Governors Resolution - No. 110 - Amendment of the By-Laws of MIGA

Jul 19, 2026

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Resolution No. 110 amends the By-Laws of the Multilateral Investment Guarantee Agency (MIGA). It clarifies that the By-Laws complement the Convention Establishing MIGA and that, in case of conflict, the Convention prevails. The resolution sets out governance procedures for the Council of Governors, including annual and special meeting timing, quorum requirements, notice periods, attendance and voting eligibility, agenda preparation, leadership selection, secretary and minutes, and the annual report and voting mechanisms.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages5

Reading Time13 min

Resolution Overview

Amendments to MIGA By-Laws

Section 1 - Meetings of the Council of Governors

Annual and special meetings

Quorum and adjournment

Meeting arrangements

Section 2 - Notice of Meetings

Notice timing and urgency

Section 3 - Attendance at Meetings

Directors, alternates, and voting

Observers

Section 4 - Agenda of Meetings

Agenda preparation and transmission

Additional subjects placement

Public Disclosure Authorized Public Disclosure Authorized MULTILATERAL INVESTMENT GUARANTEE AGENCY COUNCIL OF GOVERNORS Resolution No. 110 Amendment of the By-Laws of MIGA RESOLVED: THAT the By-Laws of the Multilateral Investment Guarantee Agency be amended as follows: These By-Laws are adopted under the authority of, and are intended to be complementary to, the Convention Establishing the Multilateral Investment Guarantee Agency (the Convention) and they shall be construed accordingly. In the event of a conflict between anything in these By-Laws and any provision or requirement of the Convention, the Convention shall prevail. SECTION 1. Meetings of the Council of Governors (a) The annual meeting of the Council of Governors shall be held at such time and place as the Council of Governors shall determine; provided, however, that, if the Board of Directors shall, because of special circumstances, deem it necessary to do so, the Board of Directors may change the time and place of such annual meeting. (b) Special meetings of the Council of Governors may be called at any time by the Council of Governors or the Board of Directors and shall be called by the Board of Directors upon the request of five members of the Agency or of members of the Agency having in the aggregate one-fourth of the total voting power. Whenever any member of the Agency shall request the Board of Directors to call a special meeting of the Council of Governors, the Chair of the Board of Directors shall notify all members of the Agency of such request and of the reasons which shall have been given therefor. (c) A quorum for any meeting of the Council of Governors shall be a majority of the Governors, exercising not less than two-thirds of the total voting power. Any meeting of the Council of Governors at which a quorum shall not be present may be adjourned from time to time by a majority of the Governors present, and notice of the adjourned meeting need not be given. (d) Except as otherwise specifically directed by the Council of Governors, the Chair of the Council of Governors jointly with the Chair of the Board of Directors shall have charge of all arrangements for the holding of meetings ofthe Council of Governors. SECTION 2. Notice of Meetings of the Council of Governors The Chair of the Board of Directors shall cause notice of the time and place of each meeting of the Council of Governors to be given to each member of the Agency by any rapid means of communication which shall be dispatched not less than forty-two days prior to the date set for such meeting, except that in urgent cases such notice shall be sufficient if dispatched by any rapid means of communication not less than ten days prior to the date set for such meeting. SECTION 3. Attendance at Meetings of the Council of Governors (a) The Directors and their Alternates may attend all meetings of the Council of Governorsand may participate in such meetings, but a Director or an Alternate of a Director shall not be entitled to vote at any such meeting unless entitled to vote as a Governor or as an Alternate or a temporary Alternate of a Governor. (b) The Chair of the Council of Governors, in consultation with the Board of Directors, may invite observers to attend any meeting of the Council of Governors. SECTION 4. Agenda of Meetings of the Council of Governors (a) Under the direction of the Board of Directors, the Chair of the Board of Directors shall prepare an agenda for each meeting of the Council of Governors and shall cause the agenda to be transmitted to each member of the Agency with the notice of the meeting. (b) Additional subjects may be placed on the agenda for any meeting of the Council of Governors by any Governor provided that the Governor shall give notice thereof to the Chair of the Board of Directors not less than seven days prior to the date set for such meeting. In special circumstances, the Chair of the Board of Directors, by direction of the

FAQs

What is the purpose of Resolution No. 110 for MIGA?

It amends the By-Laws of the Multilateral Investment Guarantee Agency (MIGA) and specifies how the By-Laws relate to the Convention establishing MIGA.

How are annual and special meetings of the Council of Governors handled?

Annual meetings are held when determined by the Council, with possible changes by the Board due to special circumstances. Special meetings can be called by the Council or the Board, and the Board must call one upon a request meeting specified membership and voting power conditions.

What quorum and voting rules apply to meetings?

Quorum requires a majority of the Governors, exercising at least two-thirds of total voting power. Meetings lacking quorum may be adjourned without additional notice, and formal votes are required on request of any Governor while proxy voting is prohibited.

Jul 19, 2026

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