This committee is responsible for monitoring and reporting on the integrity of the Association’s systems, procedures and processes; to manage business and finance risks; and ensuring the Association’s compliance with legal and regulatory requirements and policies. The committee is also responsible for Asset Liability Management (ALM) policy issues.

It is directly responsible for the nomination, compensation, and the overseer of the external Auditor engaged to prepare and issue an audit report on the financial statements of the Association.

It plays a key role in monitoring the component parts of the audit process and ensures that there is independent communication and flow of information between the committee and both the internal and external auditors.

This committee is also charged with the responsibility of reviewing and making recommendations of proposed changes to the Association’s Rules.

This Committee also monitors international standards of best-practice for governance, and reviews the Association’s governance procedures to ensure that it continues to exemplify high standard of Corporate Governance. Its mandate includes, inter alia:

• Establishing and reviewing policies and procedures relative to transactions between the Association and its affiliates, its employees and Directors
• Reviewing the performance of its Directors
• Establishing and monitoring a ‘Code of Conduct’ for the company, dealing with all matters of an ethical nature involving Executive Management and its Directors

Committee Members

Directors – Mr. Stephen Allum Poon (Chairman), Anne Marie James (Director) and Bliss Seepersad (President).