CFA Society Toronto - Board

2016_CFA_SocietyToronto_BoardManual

Issue link: https://cfasocietytoronto.uberflip.com/i/566138

Contents of this Issue

Navigation

Page 22 of 196

TERMS OF REFERENCE – CHAIR Updated: 25-August-2015 Scope of the Position The board Chair is elected from the current directors by the membership at the annual election meeting and, generally, has served as society Vice Chair the year prior. The Chair provides leadership and direction to the board of directors in setting and upholding policy. The Chair reports to the board of directors. The Chair is a member of the executive committee and provides oversight to the society's management office. Duties and Responsibilities Managing the Board of Directors • Provide leadership to the board and, in partnership with the Executive Committee and CEO, assist the board in reviewing and monitoring the aims, strategies, policies, and directions of the society • Sets meeting agendas for the board and Executive Committee in collaboration with members the Executive Committee and CEO • Chairs board and executive committee meetings and ensures that the appropriate issues are addressed • Ensure that board meetings are conducted in an efficient, effective and focussed manner • Ensure the board has sufficient knowledge to permit it to comfortably and properly make major decisions when such decisions are required • Communicate with the board and keep it up to date on all major developments • Act as an ex-officio member of all committees Working with Management • In partnership with the Executive Committee, act as a sounding board and counsellor for the CEO, including helping to review strategies, define issues, maintain accountability, and build relationships • Ensure that the CEO is aware of the concerns of the board, members, and other stakeholders • In partnership with the Executive Committee, work closely with the CEO to ensure that management strategies, plans and performance are appropriately represented to the board and stakeholders • Evaluates the performance of the CEO with the assistance of the Executive Committee General • Acts as primary spokesperson for the society • A co-signing authority on behalf of the board for financial and legal purposes • Presides over election and annual general meetings • Acts as liaison to CFA Institute and voting member on the Presidents Council Time Commitment • 10-15 hours per month (includes board preparation and meetings) Characteristics • Member in good standing of the society • Served a minimum of 2 years on the board (minimum 1 year as a director, 1 year as VP) • Demonstrated commitment to the mission, strategies, and work of the society • Knowledge and skills in one or more areas of board governance: policy, finance, programs, and/or personnel • Previous management/leadership experience • Proven ability to lead and work with a diverse team CFA Society Toronto Board Manual 2016 Page 21 of 194

Articles in this issue

view archives of CFA Society Toronto - Board - 2016_CFA_SocietyToronto_BoardManual