Technology and Innovation Committee

The purpose and operations of the Technology and Innovation Committee (the “Committee”) are subject to the TFAAC Board policy Statement of Committee Governance. The Committee shall:

• Maintain confidentiality, as outlined in the TFAAC Board Confidentiality Agreement.

• Develop, implement and manage emerging and existing technology issues of direct relevance to TFAAC/Advocis members, with particular reference to and within the parameters of the Guiding Principles for Setting Regulatory Affairs and Policy Priorities.

• Make recommendations to the TFAAC Board on financial and regulatory technology initiatives having broad implications for the membership and/or the industry.

• Design and implement plans to achieve the Committee’s objectives by (a) coordinating the development of TFAAC positions related to financial and regulatory technology issues; (b) initiating and conducting analysis, research and projects as required; and (c) developing and implementing an advocacy program, which includes contributing to the development and implementation of government relations policies on behalf of Advocis.

• Lead TFAAC in establishing itself as a key stakeholder in the financial services sector on technology issues that constitute key advocacy and policy priorities for the Committee and the Association.

• Promote member awareness of emerging financial and regulatory technology issues and provide support to and coordination with other business units, including those units having responsibility for Continuing Education and APA.

• Carry out the Committee’s mandate in the interests of the TFAAC Board.

• Report regularly to the TFAAC Board.

• Review, annually, the Terms of Reference and forward same to the Governance Committee.

• The Committee shall be composed of a minimum of six members in good standing.

• Appointment shall be by the TFAAC Board based on the recommendation from the current Committee.

• The Chair of the Committee shall be appointed by the TFAAC Board based on the recommendation from the current Committee.

• The Chair’s term shall be renewable for subsequent one-year terms at the discretion of the TFAAC Board and based on the recommendation from the current Committee.

• The Chair shall oversee the ongoing operations of the Committee with support from Advocis staff.

• The Chair shall recommend a Vice Chair to assist in the operation of the Committee to be approved by the TFAAC Board.

• The Vice Chair shall be selected from the members of the Committee.

• At least one member of the TFAAC Board shall be appointed to act as Board Liaison to the Committee.

• One-year term.

• Renewable for subsequent one-year terms at the discretion of the TFAAC Board based on the recommendation from the current Committee.

• At least 50% of Committee members present in person, by phone or by videoconference at regularly scheduled Committee meetings.

• The Chair is included in quorum.

• Decisions may be taken by consensus vote as described above, during tele- or videoconference and in person meetings, and by electronic means, which shall include electronic mail and faxes.

• By consensus whenever possible. Otherwise, by majority vote.

• The Chair shall be entitled to vote.

• Any questions shall be referred to Robert’s Rules of Order.

• 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.

• 48 hours’ notice is required for special meetings.

• Committee business to remain with the Committee until it is agreed to communicate this business beyond the Committee.

• Where necessary in the opinion of the Committee.

• Guests and technical advisors may sit through one or more meetings.

• Meetings shall be scheduled as the Committee determines.

• A minimum of four meetings per year, either in person or by tele- or videoconference.

• If a Committee member is absent for three or more meetings in a year, the member’s commitment is to be reviewed.

• Only with approval of the TFAAC Board.