ND Industrial Commission
The North Dakota Industrial Commission consists of three members: North Dakota’s Governor, Agriculture Commissioner, and Attorney General.
According to North Dakota Century Code 6-09, the Industrial Commission shall operate, manage, and control Bank of North Dakota, locate and maintain its places of business, of which the principal place must be within the state, and make and enforce orders, rules, regulations, and bylaws for the transaction of its business. The powers of the Industrial Commission and the functions of the Bank must be implemented through actions taken and policies adopted by the Industrial Commission.
BND Advisory Board
According to North Dakota Century Code 6-09, the governor shall appoint an advisory board of directors to Bank of North Dakota consisting of seven persons. Of the seven, at least two must be officers of banks whose majority of stock is owned by North Dakota residents. At least one director must be an officer of a state-chartered or federally chartered financial institution. The governor shall appoint a chairman, vice chairman, and secretary from the advisory board of directors. The term of a director is four years. The Industrial Commission shall define the duties of the advisory board of directors.
The Bank of North Dakota Executive Committee consists of eight members:
President and Chief Executive Officer
Chief Financial Officer
Chief Administrative Officer
Chief Credit Officer
Chief Innovation Officer
Vice President of Risk Management
Economic Development and Government Program Market Manager
Financial Institutions Market Manager