the fund is governed by a board of directors. the board has 24 members. there is an equal number of members from developing and developed countries. two co-chairs of the board are elected by the board members. one is a member from a developed country and the other is a member from a developing country. currently, the co-chairs of the board are mr. manfred konukiewitz (germany) and mr. jose maria clemente sarte salceda (the philippines).