The Association’s Board is made up of independent Directors with the qualifications, expertise, experience and skills to help ensure that the Association operates with ethical, legal and regulatory guidelines. The Board also ensures that high standards of corporate governance are maintained through its guidance and oversight of the Association’s management. This involves ensuring that proper records, policies and procedures are established, maintained, documented and audited.
The Board, in conjunction with its various committees, approves the strategic plans of the Association and oversees its risk management framework to ensure that risks are identified, assessed and appropriately managed through the implementation of effective internal controls. At present, there are five Committees of the Board, as follows:
- Audit and Compliance Committee
- Credit Committee
- Human Resources Committee
- Membership Committee
- Investment Committee