The Board of Directors (the Board) is the governing body of IRM and is responsible to the members for managing the business and affairs of IRM. Its role is essentially strategic. Operational and day-to-day management of IRM is the responsibility of the chief executive, who works with the Board to develop IRM strategy.
The Board Charter sets out the respective roles, responsibilities and authorities of the board of directors (both individually and collectively) in setting the direction, the management and the control of the Institute.
IRM Board Committees
The purpose of the Nominations Committee is to ensure that a formal, robust and transparent process exists for selecting potential Board members and appointing committee chairs. Download terms of reference.
Audit & Risk Committee
The Audit & Risk Committee assists the board in the fulfilment of its corporate governance duties in relation to risk management, internal control and financial reporting. Download terms of reference.
The purpose of the Remuneration Committee is to ensure that a transparent procedure exists for the appraisal and remuneration of the Chief Executive and the executive staff, and that appropriate incentives are available to encourage peak staff performance. Download terms of reference.
Professional Standards and Committee
The Professional Standards and Certification Committee exists to maintain and enhance IRM's global reputation and brand by ensuring that high standards are consistently set and applied in respect of:
admission to certified member status
maintaining certified membership
membership upgrades and transfers
products / services developed to support the use of certification and/or standards
The commmittee also oversees the development and maintenance of IRM's global professional standards framework. Download terms of reference.
Education Development Committee
The Education Development Committee aims to keep the Institute abreast of key educational developments, responding to initiatives as required, in order to maintain IRM's reputation and standing as a professional body. Download terms of reference.
The purpose of the Technical Committee is to support the positioning of IRM as the leading professional body for risk management. Its work also supports, informs and advances IRM’s professional standards and educational development. Download terms of reference.
If you would like to be more involved in the work of the Institute, perhaps by joining one of our committees, please contact us at email@example.com. You can view other opportunities for getting involved here.
Annual Report & Financial Statements
Download IRM's Report and Accounts below.
Articles of Association
The Articles of Association set out the basic management and administrative structure of the Institute. They regulate IRM's internal affairs, for example, the powers and duties of directors, calling general meetings, the categories of membership, and so on. They are public documents and cannot be changed without the approval of IRM's members.
What's involved in becoming a Director?
Directors play a leading role in the long term development of the Institute. More detail on the role and responsibilities of directors can be found here.
Becoming a director requires commitment, capacity and capability. The minimum time commitment is approximately six Board meetings a year and at least one planning/development day. Depending upon your skills and experience you may also be invited to join a specific Board committee. This may require additional time to attend meetings/events or to help review or prepare project documents.
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IRM has prepared detailed election procedures for the election of Elected Directors. These are available here.
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