Council

The Institute is governed by a Council of members (the Trustees of the Institute) who are elected or appointed in accordance with the Royal Charter and Rules.  Council is supported by the following committees:

• Executive Committee: reviews business plans, budgets and financial policy; monitors business and financial performance and the implementation of the Institute’s strategy.
• Education Committee: creates, delivers and maintains high quality professional development and learning products, qualifications and services for new and existing customers.
• Professional Standards Board is responsible for the development of professional standards for inpiduals working in the banking and financial services industries.
• Audit Committee: monitors the integrity of the financial statements of the Institute; reviews and approves the Annual Report for recommendation to Council; reviews the effectiveness of the Institute's internal controls and risk management systems; and oversees the relationship with the external auditors.
• Nominations Committee: makes recommendations to Council on succession planning for office bearers and executive positions; on the nomination of new Council members and their subsequent reappointment; and  on membership of the Audit and Remuneration Committees.
• Remuneration Committee: establishes the basis of remuneration of the management team of the Institute and periodically reviews, assesses and recommends to the Executive Committee and Council the level and constituent elements of remuneration. 

Most of the committees are made up of Council members, but the Education Committee also contains non-Council members who are appointed for their relevant knowledge and experience of the work involved.