​Mr. Ernst-Günther Bröder, a German national, served as the first chair of the Inspection Panel.
 
Prior to assuming that position, Mr. Bröder was the fourth President of the European Investment Bank (EIB) from 1984 to 1993. Earlier, he held several supervisory and consultative functions in international banks and other institutions. He was a Governor of the European Bank for Reconstruction and Development, and a member of the special advisory group for the Asian Development Bank. He was a member of the Panel of Conciliators for the International Centre for Settlement of Investment Disputes, Washington, D.C. Mr. Bröder started his professional career on the Board of the Bayer Corporation, and he was a staff at the World Bank in the early 1960s.
 
Mr. Bröder held a Doctorate in Economics from the University of Freiburg, and studied political and natural sciences at the Universities of Cologne, Mainz, and Paris. He wrote and co-authored several books and articles on financial and economic subjects.

Being the first Panel Member and Chair at the Inspection Panel, Mr. Bröder made an invaluable contribution to the establishment and effective functioning of this first accountability mechanism with an International Financial Institution.