The Board of Directors comprises of the President and four members, all of which are pre-selected from a list of candidates by a three-member committee composed of the Minister of Finance, the Governor of the Central Bank of Greece and the President of the Court of Audit. The nominees are approved by the Cabinet of Ministers and are subsequently appointed by the Minister of Finance.
The time of service for the President of the Board and one member is six years, two members serve for five years and one member serves for four years.