- Advocacy
- Education
- Chapters
- Membership
- FORUM
- Find an Advisor
- About Us
Technology and Innovation Committee
Technology and Innovation Committee
Technology and Innovation Committee
Committee Terms of Reference:
Mandate
Responsibilities
Composition
Terms of Membership
Quorum
Process
Technical Advisors
Meetings
Amendment to Terms of Reference
Mandate
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.
Responsibilities
• 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.
Composition
• 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.
Terms of Membership
• One-year term.
• Renewable for subsequent one-year terms at the discretion of the TFAAC Board based on the recommendation from the current Committee.
Quorum
• 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.
Process
• 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.
Technical Advisors
• Where necessary in the opinion of the Committee.
• Guests and technical advisors may sit through one or more meetings.
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.
Amendment to Terms of Reference
• Only with approval of the TFAAC Board.