FUNCTIONS OF GOVERNANCE COMMITTES
1.MEMBERSHIP PUBLICITY AND ADVOCACY
functions
- To appreciate and profile member needs and make recommendations to Council for consideration on how to address the needs as identified
- To oversee production and distribution of the Finance and Investment Journa
- To develop marketing and member recruitment and retention plans and strategies
- To coordinate continual improvement in quality service provision to members including evaluation of member satisfaction levels
- To profile and evaluate needy students with interest in the finance profession for award of scholarship
- To develop a student mentorship program and advise Council on the same
- Coordinate participation of practitioners in shaping development plans by the Institute for members in practice
2. EDUCATION RESEARCH AND TRAINING COMMITTEE
functions
- To promote research in the subject of securities and investments and related matters, and
- the publication of books, periodicals, journals and articles in connection therewith; ( the
- Investment and Financial Analysts Act No. 13 of 2015 8b)
- Receive, review and recommend improvements on ICIFA research and training policy for
- approval by Council
- Provide oversight on the implementation of the annual training and research plan
- Encourage pursuit of research interests among members of the Institute
- Identify and collaborate with research institutions for mutual benefit
- Receive, review and recommend research proposals, and requests for funding for Council consideration
- Support members pursing research that is beneficial to ICIFA, its members and the finance and investment profession
- Develop and publish monthly articles in the national media
- To oversee the implementation of Continuing Professional Development (CPD) policies and guidelines.
- To oversee the adoption and implementation of the International Education Standards(IESs)
- To oversee development and implementation of CPD calendar
3.FINANCE ADMINISTRATION & STRATEGY COMMITTEE ROLES
functions
- Receive, review and make recommendations to Council on the Institute’s Strategic Plan
- Review the Institute’s annual work plans and ensure that the same are in sync with strategic Plan
- Review and make recommendations on the Investment Policy and the Investments of the Institute
- To consider and review the Institute’s annual budget and to recommend to Council for
- consideration thereby ensuring that annual plans are consistent with the longer term business plans of the Institute.
- Monitor the Institute’s performance on behalf of Council by reviewing and presenting
- quarterly performance (both financial & strategic) reports to Council with appropriate recommendations
- To review the audited financial statements and recommend for Council’s approval.
4.CHAMPIONSHIP COMMITTEE
- Initiate proactive thought leadership by developing and disseminating position papers onregular basis
- Review and recommend appropriate organizational structure, staffing and rewarding in
- order to attract, and retain human talent for achievement of ICIFA long term plans
- Engage with key identified stakeholders on quarterly basis to pursue agenda for furtherance of the Institute’s mandate
- Enhance participation in forums on governance and accountability
- Promptly address governance and accountability issues as and when they arise
- Continuously review and contribute to laws and bills being enacted to ensure googovernance and accountability are incorporated
- To promote good financial reporting with a particular focus on public interest entities
- To work closely with other regulators such as IRA, CBK, CMA, SASRA, RBA, NSE,
- KASIB in areas of development and monitoring compliance with standards and prudential guidelines as issued from time to time.
- To monitor on Council’s behalf the efficiency and effectiveness of processes and controlsin line with statutory provisions, policies and by laws
- Review effectiveness of the processes of corporate governance