The Board, responsible for the planning and approval of the Institute’s main strategies, consist of fifteen highly qualified members, one of which is appointed as Chairman. These include representatives from the science, economics, industry and civil society fields. The Board ensures the excellence of the Foundation and manages the use and allocation of resources. More specifically, it proposes strategic and operational guidelines, approves long-term work programmes, deliberates general operating regulations and periodically evaluates the Foundation’s results and overall progress. The Board can be further organised in committees, whose meetings can also be attended by external members, who are not members of the Board. Members of the Board must comply with the requirements of independence, integrity and professionalism and are chosen according to the characteristics described above, ensuring adequate representation of the various categories in the science, economics, industry and civil society fields. Board members hold office for four years and may only be reappointed for one additional term. The Board deliberates on new appointments or confirmation of existing appointments. The Board may also be joined by three additional honorary members, without voting rights. Board members cannot take part in other Foundation bodies or operational structures.