Pursuant to the Law of Georgia on the National Bank of Georgia, the supreme body of the National Bank is its Board, which is composed of nine members. The members of the NBG Board can be Georgian or foreign citizens known for their integrity and who are recognized as professionals in economics, finance and/or any other relevant field. However, the number of professionals in the NBG Board from relevant fields (other than economics or finance) should not exceed two. The Chairman of the Board is the Governor of the National Bank. In addition to the Chairman, the Council has three Vice Governors among its other members. Members of the NBG Board are elected for seven-year terms upon the nomination of candidates by the President of Georgia and following a majority vote in parliament. The Governor of the National Bank shall be appointed and dismissed among the Board members and by the President of Georgia upon the nomination of the Board of the National Bank; The Vice-Presidents of the National Bank shall be appointed and dismissed by the Board of the National bank upon the nomination of the Governor of the National Bank of Georgia. Members of the NBG Board, excluding the NBG Governor and Vice Governors, are not public servants.