The three members elected at any one election serve a collective four-year term. Individuals are able to serve no more than two consecutive four-year terms, although there are no overall term limits.
Although the unsubdivided body is the collective head of state, one member is designated aschairperson. The position of chairperson rotates twice around the three members every eight months, with the candidate receiving the most votes overall becoming the first chairperson over the four-year term.
Conducting the foreign policy of Bosnia and Herzegovina;
Appointing ambassadors and other international representatives, no more than two-thirds of which may come from the Federation;
Representing Bosnia and Herzegovina in European and international organizations and institutions and seeking membership in such organizations and institutions of which it is not a member;
Negotiating, denouncing, and, with the consent of theParliamentary Assembly, ratifying treaties of Bosnia and Herzegovina;
Executing decisions of the Parliamentary Assembly;
Proposing, upon the recommendation of theCouncil of Ministers, an annual budget to the Parliamentary Assembly;
Reporting as requested, but no less than annually, to the Parliamentary Assembly on expenditures by the Presidency;
Coordinating as necessary with international and nongovernmental organizations in Bosnia and Herzegovina, and;
Performing such other functions as may be necessary to carry out its duties, as may be assigned to it by the Parliamentary Assembly, or as may be agreed by the Entities.