THE NITM AT A GLANCE

The NITM is governed by a thirty-six members Council (the policy-making body) elected by its members. The Council has the power to co-opt up to fifteen additional members and it elects eight of its own members to the Board to implement policy and oversee the day-to-day management of the Institute. The Council’s Chairperson and Deputy Chairperson are ex-official members of the Board.

The Board may co-opt two additional members. The Board also appoints the Chief Executive (who is an ex-official member of the Board) and the Company Secretary.

Responsibilities of the Board

The board of NITM is responsible for the following:

  1. Deciding and implementing overall NITM strategy.
  2. Planning the Institute’s policy and practice on risk management.
  3. Measuring and managing performance of Institute personnel.
  4. Evaluating the management of the Institute.
  5. Communicating with Institute members.
  6. Approving major transactions to which the Institute would be a party.
  7. Assessing and monitoring principles for best management practice.

MANAGING THE INSTITUTE

The NITM is governed by a thirty-six members Council (the policy-making body) elected by its members.