Den Europæiske Centralbanks Styrelsesråd består af medlemmerne af Den Europæiske Centralbanks direktion og cheferne for de nationale centralbanker i medlemsstaterne uden dispensation som omhandlet i artikel III-197.  
The Governing Council of the European Central Bank shall comprise the members of the Executive Board of the European Central Bank and the Governors of the national central banks of the Member States without a derogation as referred to in Article III-197.  