Enhancing the professionalism of financial advisors in the best interests of the consumer
Schools Committee Members
Chair Brenda Dreissigacker, CFP
Atlantic Co-Chair Robert Caissie, CFP, CLU
Banff Chair Peter Cote
Okanagan Chair Tod Alstad, CHS

TERMS OF REFERENCE FOR THE TFAAC SCHOOLS COMMITTEE

Mandate:

The purpose and operations of the Schools are to provide annual continuing education programming to TFAAC members and are subject to the TFAAC Board policy “Statement of Committee Governance”. Although each School operates as a discreet entity, it is desirable that the Schools collectively form a business unit of TFAAC under a common governance structure. The TFAAC Schools Committee shall:

  • Make recommendations to the Board of Directors of TFAAC on the Strategic direction of the Schools in support of the Member Value Proposition.
  • Ensure the provision, quality and integrity of relevant and industry-leading programs and services that align with the practice areas of our membership:  (1) Financial Management; (2) Investment Management; (3) Risk Management; (4) Tax Planning; (5) Retirement planning; (6) Estate Planning; and (7) Employee Benefits Planning.

Responsibilities

  • To carry out its mandate in the interests of the TFAAC Board;
  • To provide expertise and attention to detail on behalf of the TFAAC Board in relation to all School matters related to the member services of the Association;
  • Assess the effectiveness of the delivery of Membership programs in terms of communication, penetration, and cost effectiveness.
  • Obtain and report feedback from the Membership through a variety of methods, including surveys from attendees, input from the School Board of each School, an annual survey of the membership, liaison with the Chapter Leadership Council, reports from the Members Services team, etc.
  • Upon direction from the TFAAC Board, the School Committee shall provide leadership with regard to holding the TFAAC Annual General Meeting adjacent to School events for the mutual benefit of each activity.
  • To review, annually, the Terms of Reference and forward to the Governance Committee

Governance Framework and Composition

Each school will be separate and distinct maintaining its own leadership School Board. The chair of each School Board will join chairs of other schools in forming the School Committee. The Committee will elect an Advocis member to serve at large. One member of the Committee will be elected by the Committee to serve as the Chair and also as appointee to the TFAAC Board. The Chair of the Committee will also be a member of the Professional Services Committee. The nomination of the at-large appointee will be submitted to the TFAAC Nominations Committee and approved by the TFAAC Board.

Each School will maintain its own financial statements and distinct reserves will be under the direction of each School Board. Costs of TFAAC may be allocated to the School overall business unit upon the approval of both the TFAAC Board and the Schools Committee. The Committee will determine the further allocation of those costs to individual Schools. The Committee will be represented on the TFAAC Board by the elected Chair of the Committee.

  • The Committee will be comprised of a business unit chair, and the four chairs of the four School Boards who are members in good standing.
  • Staff Liaison shall be the Professional Services COO or his/ her representative.

Terms of Membership

  • One year term

Quorum

  • Majority – Fifty (50) per cent plus one of the total Schools Committee members, present in person or by phone

Process

  • By consensus where possible;
  • Any questions shall be referred to Robert's Rules of Order;
  • Committee Chair to receive information, agenda and minutes in advance for approval;
  • Agenda and meeting material to be distributed in advance to Committee members within a reasonable period.
  • Committee Chair shall NOT have a vote.
  • Any tie will give the Chair a casting vote.
  • Committee business to remain with the Committee until it is agreed to communicate this business beyond the Committee

Technical Advisors

  • Where necessary in the opinion of the Schools Committee technical advisors may sit through one or more meetings.

Meetings

  • As the Schools Committee determines;
  • A minimum of two (2) meetings per year, either in person or by teleconference.
  • Absence of three (2) meetings, member’s commitment is to be reviewed.

Amendment to Terms of Reference

  • Only with approval of the TFAAC Board