CIOB Governance Committees
The CIOB Governance Committees are set up to advice the Board of Trustees on various aspects of Institute business.
The Governance Commitees are responsible for the nomination of future board members, for monitoring and advising on audit and risk, the allocation of financial and other resources, and the renumeration process.
The CIOB has four Governance Committees:
Nominations Commitee
The role of the Nominations Committee is to review the composition of the Board of Trustees with specific reference to the competence, knowledge and integrity of the Board, in light of the defined needs of the Institute.
The Committee identifies potential new trustees for consideration by the full Board, and will have oversight of the process for election and selection of new trustees.
The Committee maintains an ongoing assessment of the overall balance and performance of the Board of Trustees and of individual members.
Audit and Risk Committee
The role of the Audit and Risk Committee is to monitor the risk management strategy, review and advise the Board of Trustees on the effectiveness of the system of budgeting and internal control, and advise and the conduct of the external audit.
Renumeration Commitee
The Remuneration Committee advises the Board of Trustees on the remuneration policy for the Chief Executive and defined members of staff.
Remuneration policy includes the terms of service contracts, bonus and pension arrangements, and benefits in kind.
The Committee also advises the Board of Trustees on proposed terms for the cessation of employment of those noted above.
Resources Committee
This Committee advises the Board of Trustees on the allocation of financial and other resources in the delivery of the Corporate Plan. It has primary responsibility for the budgeting, management and financial reporting process.
It is also charged with ensuring that trustees and staff have the financial and other information they need to make informed decision in the CIOB’s interests. It also ensures there is an effective link between operational and strategic activity.
Reporting to the Resources Committee are the three Operational Boards of the Institute:
- Education Qualification Standards and Practice
- Member and Business Development
- Stakeholder and External Communications
