 The IFC is governed by its Board of Governors which meets annually and consists of one governor per member country ( most often the country 's finance minister or treasury secretary ) . Each member typically appoints one governor and also one alternate . Although corporate authority rests with the Board of Governors , the governors delegate most of their corporate powers and their authority over daily matters such as lending and business operations to the Board of Directors . The IFC 's Board of Directors consists of 25 executive directors who meet regularly and work at the IFC 's headquarters , and is chaired by the President of the World Bank Group . The executive directors collectively represent all 184 member countries . When the IFC 's Board of Directors votes on matters brought before it , each executive director 's vote is weighted according to the total share capital of the member countries represented by that director . The IFC 's Executive Vice President and CEO oversees its overall direction and daily operations . As of October 2012 , Jin @-@ Yong Cai serves as the Executive Vice President and CEO of the IFC . President of the World Bank Group Jim Yong Kim appointed Jin @-@ Yong Cai to serve as the new Executive Vice President and CEO of the IFC . Cai is a Chinese citizen who formerly served as a managing director for Goldman Sachs and has over 20 years of financial sector experience . 
