The mBank By-Laws (§ 25) provide that the Management Board comprises at least three members, appointed for a joint term of office of five years. At least half of the Management Board Members, including the President, must be Polish citizens, have permanent residence in Poland, speak Polish and have experience in the Polish market necessary to manage mBank. The Management Board comprises the President and other Management Board Members. The Supervisory Board may entrust the Management Board Members with the function of Senior Vice-President or Vice-President of the Management Board. The current Management Board of mBank comprises 7 members, whose mandate expires on the date of the General Meeting in 2018.