Approved/revised: April 19, 2013
POLICY
A. BOARD COMMITTEES - TERMS OF REFERENCE
The Board requires Terms of Reference, when creating standing or ad hoc Board committees. The Terms of Reference may be subject to changes upon review of the entity being created. All Board committees will be ad hoc unless specifically identified below as a standing committee or is added to this policy by resolution.
Board committees enable more in depth reviews of issues that may not be possible within the framework of regular Board meetings. Board committees may not interfere with delegation from the Board to the President or with the President’s accountability to the Board as a whole.
1. Committees report to the Board and are formed and operated at the discretion of the Board.
2. The Board authorizes the following standing committees:
a) Executive Committee
b) Audit and Risk Management Committee
3. An ad hoc committee ceases to exist as soon as its task is complete.
9. Board members appointed to a Board committee must not lose sight of their individual responsibilities to the organization as a whole, i.e., those appointed to a committee must continue to focus on the whole Institute and not solely on that part of the organization reflected in the committee’s terms of reference.