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Date: 1/5/2009 8:49 AM PST Responses: Completes Filter: No filter applied Strategic Planning Questionnaire - Governance Results Overview The IAA Task Force on Strategic Planning (TFSP) is once again seeking input from delegates to the IAA Council and also from members of the Executive Committee – this time on the governance of the IAA in light of the recently adopted strategic plan and the report from the Sections Task Force. The responses to this questionnaire will be helpful to the TFSP as it prepares the first part of a discussion paper on the governance and structure of the IAA. Once the responses to this questionnaire have been considered, there will most likely be a need for a second questionnaire to address other issues such as the specific roles of the various bodies, prior to preparing a final paper. The final paper will be distributed with the 60-day agenda (March 31, 2009) for discussion at the Council meeting in Tallinn and for adoption either on May 30, or shortly thereafter by electronic voting ballot. The next step will be to develop implementation measures that will be submitted for Council approval at the meeting in Hyderabad in November 2009. The intent is to have the new governance structure become effective from the meetings in Cape Town in March 2010. Your participation is important in determining the governance and structure of the IAA! A. IDENTIFICATION 1. Please identify your main role in the IAA: Council Delegate 27 75% Member of the Executive Committee 9 25% Total 36 100% 2. If you are responding as an Association Council Delegate, please provide your association's membership size: Less than 500 15 52% Between 500 and 1000 3 10% More than 1000 11 38% Total 29 100% 3. If you are responding as an Association Council Delegate, please provide the age of your association: Less than 10 years 2 7% More than 10 years 26 93% Total 28 100% B. COUNCIL 4. Please indicate which structure you would support for the Council: its current composition: one Delegate per Full Member Association, one Delegate per 32 94% Page 1 of 6 Zoomerang | Strategic Planning Questionnaire - Governance: Results Overview 1/5/2009 http://app.zoomerang.com/Report/PrintResultsPage.aspx

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Page 1: Strategic Planning Questionnaire - Governance · 2018-05-18 · Date: 1/5/2009 8:51 AM PST Responses: Completes Filter: No filter applied Strategic Planning Questionnaire - Governance

Date: 1/5/2009 8:49 AM PST Responses: Completes Filter: No filter applied

Strategic Planning Questionnaire - Governance Results Overview

The IAA Task Force on Strategic Planning (TFSP) is once again seeking input from delegates to the IAA Council and also from members of the Executive Committee – this time on the governance of the IAA in light of the recently adopted strategic plan and the report from the Sections Task Force. The responses to this questionnaire will be helpful to the TFSP as it prepares the first part of a discussion paper on the governance and structure of the IAA. Once the responses to this questionnaire have been considered, there will most likely be a need for a second questionnaire to address other issues such as the specific roles of the various bodies, prior to preparing a final paper. The final paper will be distributed with the 60-day agenda (March 31, 2009) for discussion at the Council meeting in Tallinn and for adoption either on May 30, or shortly thereafter by electronic voting ballot. The next step will be to develop implementation measures that will be submitted for Council approval at the meeting in Hyderabad in November 2009. The intent is to have the new governance structure become effective from the meetings in Cape Town in March 2010. Your participation is important in determining the governance and structure of the IAA!

A. IDENTIFICATION

1. Please identify your main role in the IAA:

Council Delegate 27 75%

Member of the Executive Committee

9 25%

Total 36 100%

2. If you are responding as an Association Council Delegate, please provide your association's membership size:

Less than 500 15 52%

Between 500 and 1000 3 10%

More than 1000 11 38%

Total 29 100%

3. If you are responding as an Association Council Delegate, please provide the age of your association:

Less than 10 years 2 7%

More than 10 years 26 93%

Total 28 100%

B. COUNCIL

4. Please indicate which structure you would support for the Council:

its current composition: one Delegate per Full Member Association, one Delegate per

32 94%

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Section; Committee Chairpersons as ex officio members with no voting rights

Other (please specify) 2 6%

Total 34 100%

6. Do you support strategy making as the primary role of Council?

Yes 33 94%

No 2 6%

Total 35 100%

3 Responses

8. Do you support the implementation of strategy as the responsibility of the Executive Committee?

Yes 34 97%

No 1 3%

Total 35 100%

0 Responses

C. EXECUTIVE COMMITTEE (EC)

10. The primary role of the EC should include: (select all that apply)

To carry out the operational aspects of the IAA

32 91%

To prepare strategy proposals and material for discussions at Council meetings

32 91%

To monitor the implementation of the strategic plan

32 91%

Other (please specify) 3 9%

12. The specific duties of the EC should include: (select all that apply; we have indicated in brackets if this duty is being transferred from another body)

Report to the Council on its activities.

34 100%

Recommend to Council a strategic plan and updates to it as conditions warrant. (current EC role)

33 97%

Create and dissolve Committees, Task Forces, Work Groups or other entities, as

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required, and agree on terms of reference. At least once in a three year period, review the terms of reference of each of the entities as to their appropriateness in relation to tasks foreseen as well as activity realized in implementing the strategic plan. (from Council and Nominations Committee)

24 71%

Review periodically and recommend to Council changes to the governance or the structure of the IAA. (new)

28 82%

Taking into account the recommendation of the Nominations Committee, appoint Chairpersons and Vice-Chairpersons of Committees (other than for Executive, Audit and Finance and Nominations) (from Council)

23 68%

Taking into account the recommendation of the Nominations Committee, appoint Chairpersons and Vice-Chairpersons of Task Forces, and Committee members that are not Delegates appointed by Full Member Associations. (from Council)

23 68%

Provide oversight and coordination for the Committees and Sections. (new)

30 88%

Determine external relations policies in accordance with the strategic plan. (from Council)

20 59%

Implement the due process policy for issuing public statements. (from Council)

24 71%

Implement the due process policy by which any guidelines, recommendations or standards are to be agreed and promulgated. (from Council)

24 71%

Recommend to Council

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the budget and membership fees for each year. (current EC role)

31 91%

Implement the policy regarding the purchase of assets and disposition of assets held by the IAA. (from Council)

29 85%

Recommend to Council future Council and Committee meeting venues. (current EC role)

32 94%

Other (please specify) 0 0%

14. Please indicate which structure you would support for the EC:Note: Officers includes President, Secretary General, President-Elect, Immediate Past President

Officers (4) plus an additional 6 members for a total of 10 members

9 27%

Officers (4) plus an additional 8 members for a total of 12 members

18 55%

Other (please specify) 6 18%

Total 33 100%

16. One of the 6 or 8 additional members should be (select all that apply):

a Committee chairperson

19 59%

a Section chairperson 18 56%

Other (please specify) 14 44%

18. How should the candidates for members of the EC be identified?

by the Nominations Committee

23 68%

by regional groupings of Full Member associations

6 18%

Other (please specify) 5 15%

Total 34 100%

20. Should the members of the EC be:

appointed by Council 20 59%

elected by Council (competitive elections)

13 38%

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Other (please specify) 1 3%

Total 34 100%

D. NOMINATIONS COMMITTEE (NC) Note: Members of the NC refers to the five (5) or more additional members, other than the Officers.

22. The role of the NC should be (select all that apply):

To recommend the names of suitable candidates to assume the duties of the key positions in the IAA

34 100%

To propose the terms of reference for each Committee, Subcommittee, Task Force and Work Group of the IAA (note that in Part C, this is being recommended as a role to be transferred to the EC)

7 21%

Other (please specify) 0 0%

24. Members of the NC should be (select one):

appointed by Council 18 56%

appointed by the Executive Committee

2 6%

elected by Council (competitive elections)

8 25%

Other (please specify) 4 12%

Total 32 100%

E. PRESIDENTS' FORUM Strategic Objective 5 of the Strategic Plan of the IAA adopted by Council on November 4, 2008 reads as follows "Provide a forum for discussion among actuaries and actuarial associations throughout the world." Point 2 of the Priorities/Action Plans is to "Encourage discussions between association Presidents."

26. In line with this, should the Presidents’ Forum (select one):

continue as an informal discussion group that meets in conjunction with IAA meetings

22 63%

be recognized in the formal IAA structure as a discussion group

13 37%

Other (please specify) 0 0%

Total 35 100%

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F. STRATEGIC PLANNING

28. Do you believe that the IAA structure should include a permanent body other than the EC responsible for strategic planning?

Yes 13 37%

No 22 63%

Total 35 100%

11 Responses

G. OTHER

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Strategic Planning Questionnaire - Governance Results Overview

4. Please indicate which structure you would support for the Council:

# Response

1 One Delegate per Full Member Association.

2 council should comprise the best leaders, planners

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Strategic Planning Questionnaire - Governance Results Overview

5. Comments

# Response

1voting rights are also an important consideration; within limits these should reflect the size of the associations, as is the case at the moment. Some thought should also be given to the issue of "multiple membership" bodies that allow the leveraging of national professional bodies beyond their actual level of representation

2The section deleagtes can be questioned Current voting structure should be kept

3Electreonic votes between meetings should become less exceptional than today, hence the large numbers implied by the structure above shouldn't be an obstacle.

4 In the time available, we have not had an opportunity to consider this matter.

5It is understood that the Task Force is reviewing voting rights, with a view to aligning these more closely to the size of association.

6 The underlying principle should be an association of associations.

7the strategy to make the actuary's role noticeable and worthwhile needs jobs that allow us to prove our risk management skills, can council lobby for those jobs and projects?

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Strategic Planning Questionnaire - Governance Results Overview

6. Do you support strategy making as the primary role of Council?

# Response

1Strategy making is A primary, rather than THE primary role: governance, which is about ensuring transparency and proper process, monitoring of execution, ensuring adequate capacity and an effective structure to support implementation are also primary functions of Council

2 Approval of key issues in implementation of the strategy as well as strategy making.

3 Another primary role is to check whether the implementation is done correctly.

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Strategic Planning Questionnaire - Governance Results Overview

7. Comments

# Response

1 Votes on strategy issues could be preceded by a discussion that could be helod on line in the form of electronic forums.

2The “yes” response assumes that “strategy” is the same as “policy”. The primary role of the Council should be policy making, with implementation carried out by another body.

3The “yes” response assumes that “strategy” is the same as “policy”, as we believe that the primary role of the Council should be policy making.

4 Also the ruling body of the IAA

5 but it also needs to include overall oversight to ensure that strategy is being carried out properly

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Strategic Planning Questionnaire - Governance Results Overview

9. Comments

# Response

1 ... the only way to make it really "executive"

2Implementation of strategy (policy) by the Executive Committee implies that the EC works at the direction of Council, but with some decision-making authority within the policies set by Council. This avoids six-month delays for operational matters where policy has already been set.

3 but it all depends on who is on the Executive Committee, and its overall responsibilities

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Strategic Planning Questionnaire - Governance Results Overview

10. The primary role of the EC should include: (select all that apply)

# Response

1 To report appropriately to Council

2 To monitor the operational aspects of the IAA

3 to alter the strategy in the light of experience

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Strategic Planning Questionnaire - Governance Results Overview

11. Comments

# Response

1Monitoring the implementation of the strategic plan is also a primary responsibility of Council; my comment about the need for EC to report appropriately is meant to highlight the need for the EC to think carefully about how best to report to Council to ensure that Council is properly appraised of all relevant developments and issues

2 Although we have ticked "carry out operational aspects of IAA", we have not had time to fully assess the implications of this.

3first bullet point -- it should not be 'to carry out', but to ensure that operational aspects are carried out second bullet -- but it may not be the only group doing this -- often staff or committees would do it

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Strategic Planning Questionnaire - Governance Results Overview

13. Comments

# Response

1 I think there needs to be a separate Strategic Planning Committee.

2

My numbers refer to the bullet points above: 1. The EC must report to Council on PROGRESS RELATIVE TO THE AGREED STRATEGIC PLAN, and not just on its activities 3. I would think that permanent Committees should perhaps be referred back to coucnil for final approval; Tf's and other vehicles with temporary life spans may be delegated to EC. 5. All appointments to Chair and vice Chair positions of Committees should be approved by Council to ensure transparency. 12. There may have to be a limit on EC authority for asset purchases and dsiposals In general, refernce is made in a number of points to "implementing policy" - who approves the policy?

3

"At least once in a three year period, review the terms of reference of each of the entities as to their appropriateness in relation to tasks foreseen as well as activity realized in implementing the strategic plan" and recommend changes to Council. This part of 12.3 should be a duty of the EC. The first sentence describes a central task of the Council. "Propose to Council external relations policies in accordance with the strategic plan." would be the appropriate task for the EC

4

The EC may review the TOR of the Committees but shouldn't decide about their creation / dissolution. It should be "Propose to Council external relations policies in accordance with the strategic plan."

5 In the time available, we have not been able to consider this matter.

6 5&6: Yes, subject to subsequent ratification by Council.

7 The appointment of committee chairs and vice-chairs should be subject to after-the-fact ratification by the IAA Council.

8Determine external relations policies in accordance with the strategic plan is a sensitive issue, so better to stay with Council.

9Specific duty No 4 should be amended to “Review periodically the governance and structure of the IAA and alert the Council to any need for change.” The point here is that Council should retain the duty of deciding how any need for change should be addressed, eg by directing the EC to make recommendations or by setting up an ad hoc task force to do so.

10Unclear what is meant by determining external relations policies, but determining policies sounds like it should be a function of council, not the EC.

11 We would require further clarification on Item #8 (external relations policies) above before responding.

12

The functions in 12 are way too many for any committee. All are vital functions though. If all these functions are taken on, it would have to meet more than twice a year. Asset policy -- should be done by a finance committee, but OKed by either the EC or Council. Due process -- this is probably more likely to be the responsibility of a committee, possibly with the oversight of the EC or probably better, Council. I can't tell what 'provide oversight and coordination for Cs and Ss' means.

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Strategic Planning Questionnaire - Governance Results Overview

14. Please indicate which structure you would support for the EC:Note: Officers includes President, Secretary General, President-Elect, Immediate Past President

# Response

1 Officers (4) plus 12 members for a total of 16

2 Perhaps 4 plua 10 - see comments in 17 below

3 See Comments

4 See comment below

5 10 or fewer

6 10 or fewer

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Strategic Planning Questionnaire - Governance Results Overview

15. Comments

# Response

1 Many taks require many people as they are not going to be fully devoted to the EC

2 3 Regions x 3 ( for a rolling 3-year term) plus 3...one to represent Sections, one Committee Chair, one undefined.

3Given the number of tasks, members could be considered as "ministers" in charge of some of them. The number of EC members could definde of this grouping

4 In the time available, we have not been able to consider this question.

5The size of the EC should be based on a determination of what roles the members of the EC should fulfill (see question 4). The number of roles to be fulfilled beyond the officers listed above would determine the size of the EC. Ideally the total number would stay small, such as 10 or fewer.

6The size of the EC should be based on a determination of what roles the members of the EC should fulfill (see comment on the following question). The number of roles to be fulfilled beyond the officers listed above would determine the size of the EC. Ideally the total number would stay small, such as 10 or fewer.

7 8 additional members allows for 2 per region plus 2 wild cards

8Although 12 is a large number for an Executive Committee, the 8 additional members are required to accommodate a reasonable level of regional representation – see comments in box 19 below.

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Strategic Planning Questionnaire - Governance Results Overview

16. One of the 6 or 8 additional members should be (select all that apply):

# Response

1 See comments in 17 below

2 How are the other 6 or 8 members to be chosen?

3 Who are the other members?

4 The IAA general secretary &/or executive director

5 Each EC member should have a portfolio - see #17

6 See comment below.

7 no comment

8 See comments

9 Various, representing various function within IAA

10 See box 17 below

11 See below

12 See comments section below

13 See below

14 not necessarily

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chris
Typewritten Text
For all 6 or 8 a person who: (i) has enough time and resources to fulfil the above duty with care, (ii) has been at least 3 years within a IAA committee, (iii) is suggested by a Member association, and (iv) is appointed by Council The optimal governance is a situation were no Committee or Section chairperson is member of the EC.
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Strategic Planning Questionnaire - Governance Results Overview

17. Comments

# Response

1 That's why I want 4 + 12 = 16.

2Perhaps the 10 additional may be made up as 2 from each of the 3 regional groupings and 4 from amongst the ranks of Section and Committee Chairs

3 There should be no such restrictions

4 We have not been able to consider this question in the time available.

5

Each EC member should have a portfolio, a main assignment or role in the implementation of IAA policy and strategy. One of the roles to be fulfilled may be one or more officers who review the technical committees of the IAA. Another could be involved with committees concerned with current full members, such as Accreditation, Education and Professionalism. Another could be involved with external bodies and developing associations (or this could be split into two roles). Another could be involved with Sections. Another could be someone involved in administrative issues, including audit functions.

6

Each EC member should have a portfolio, a main assignment or role in the implementation of IAA policy and strategy. One (or more) of the roles to be fulfilled may involve review of the technical committees of the IAA. Another could be involved with committees concerned with current full members, such as Accreditation, Education and Professionalism. Another could be involved with external bodies and developing associations (or this could be split into two roles). Another could be involved with Sections. Another could be someone involved in administrative issues, including audit functions. (I’m not sure if the ICA should be included with Sections, or treated as a separate role.)

7 No because it would me that person is supervising itself

8

Somebody who (i) has enough time and resources to fulfil the above duty with care, (ii) has been at least 3 years within a IAA committee, (iii) is suggested by a Member association, and (iv) is elected by Council

9 Consider also past presidents or past chairpersons of Committees or Sections

10

The Nominations Committee (see 18 and 19 below) should be required to ensure that at least one of the members of the Executive Committee is a representative (and preferably a Chairman) of one of the Sections. This would implement one of the recommendations of the Task Force on Sections and ensure that the IAA, as an association of associations and sections, has explicit representation of the Sections in the governance.

11

One of the members should be an officer or representative who oversees the technical committees; another could be involved with committees concerning mebership i.e. Accredtitation, Education and Professionalism; another could be involved with external bodies; another with developing associations; another could be Sections; another could be administrative functions incluing Audit.

12Create roles for officers to work with a) the technical committees of the IAA; b) committees concerned with current full members, such as Accreditation, Education and Professionalism; c)external bodies and developing associations; d) Sections and e) administrative issues, including audit functions.

13 ensure not all from large member organizations

14 There should also be a representative from an Associate member association

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Strategic Planning Questionnaire - Governance Results Overview

18. How should the candidates for members of the EC be identified?

# Response

1 ---

2 ---

3 by public posting on the Website

4 what method would select the skill set needed?

5 See below

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Strategic Planning Questionnaire - Governance Results Overview

19. Comments

# Response

1 Not by election

2 After inviting nominations from member associations

3 this should be an open and transparent process

4 We have not been able to consider the question in the time available.

5 Retain regional balance; 3 year terms with staggered completion dates

6 The Nominating Committee should do this under a policy of maintaining a regional balance.

7 After each region has selected its candidates nominations would suggests 2 wild cards to help achieve diversity and balance

8

The Nominations Committee should, after consultation with regional groupings*, seek to make 2 nominations from each of the three regional groupings and 2 other nominations aimed at retaining an overall balance as described in Section 3.3.1 of the Internal Regulations (but see comment in box 17 above). [*The Task Force should review the continued appropriateness of the current regional groupings.]

9with input from member associations, or individual nominations (requested on the website, which could include self-nomination)

10 By regional groupings and by also by the Associate members

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Strategic Planning Questionnaire - Governance Results Overview

20. Should the members of the EC be:

# Response

1 elected by C members, whether or not at a C mtg

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Strategic Planning Questionnaire - Governance Results Overview

21. Comments

# Response

1 Not by election

2

1. We should not confuse the issues relating to competitive elections for officers of the IAA (President) with those for members of EC - competitive elections are OK for the latter, but may be more difficult for the former. 2. We would support the idea of identified areas of responsibility for members of EC.

3 We are against competitive elections as a general rule

4Upon recommendation of the Nominations committee, but eligible persons should not be limited to those recommended only.

5 We have not been able to consider the question in the time available.

6 We are not in favor of competitive elections, as it may result in reducing volunteer efforts.

7 Acknowledging the concerns of the Task Force stated in section 4 of the covering paper.

8 We would suggest that appointments to EC be approved by Council, rather than the Council appointing EC members.

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Strategic Planning Questionnaire - Governance Results Overview

23. Comments

# Response

1 Is it a given that all the Officers should serve on the NC? If so, why?

2 Key positions including Section heads and committee chair- and vice-chair persons

3 We have not been able to consider the question in the time available.

4 sounds like the EC function is being overloaded -- could keep ToR at NC, possibly with approval by EC or Council

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Strategic Planning Questionnaire - Governance Results Overview

24. Members of the NC should be (select one):

# Response

1 Associations to suggest nominees

2 Appointed by council, but 3 by regional assn's

3 See below

4 See below for descriptions

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Strategic Planning Questionnaire - Governance Results Overview

25. Comments

# Response

1 Not by election

2 However there is a problem: who nominates the nominators? Maybe we could use a group of ex-presidents for this role?

3 Difficult to leave the appointment to the Exec Committee, which is itself then proposed by the Nominations committee!

4 We have not been able to consider the question in the time available.

5

Appointed by Council, with a composition of the immediate past President and six at-large members (two from each region) to be proposed by the delegates from the respective region. This would give regional delegates a direct role in selecting the IAA leadership while avoiding outright elections. Staggered 3-year terms. One of the biggest issues that I see with competitive elections, particularly for an organization where the number of active volunteers is relatively small, is that the loser in an election is “out of” leadership at least temporarily, and may not choose to stand for election again.

6

There should be 9 people with 3 year terms, with 1/3 rolling off each year, with no extentions of the three year terms. The president should not be on the nominating committee. There should be regional representation. The member associations would suggest people to someone/some group. That person/group selects three candidates from those suggested to it to some other group for approval, one from each region. There would not be competitive elections.

7Associations should suggest nominees to the President with three representatives from three regions for three years. The Executive Committee (EC) will then approve the nominees. One member of each class will be chosen by the Nominating Committee as chair with the middle class as vice chair. The vice chair will typically be expected to become chair.

8This was a finely balanced choice between options 1 and 3. There is no objection to elections. Indeed, if elections were to be introduced within the IAA governance structure, this would be the right place for them. Elections could serve to create greater independence and provide a counterbalance within the Committee to the ex officio appointees.

9 The 3 appointed (one each) by the regional associations should be for limited non-recurring terms

10

Associations should suggest nominees to the President with three reps from each of the 3 geographic regions for a three year term. The EC will then approve the nominees. One member of each class will be chosen by the Nominating Committee as chair with a member of the middle class of the Committee as vice chair. The vice chair would normally be expected to become Chair.

11Associations should suggest nominees to the President with three representatives from three regions for three years. The Executive Committee (EC) will then approve the nominees. One member of each class will be chosen by the Nominating Committee as chair with the middle class as vice chair. The vice chair will typically be expected to become chair.

12 Someone has to nominate, but shouldn't be by self-nomination. Probably ask suggestions by member associations.

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Strategic Planning Questionnaire - Governance Results Overview

27. Comments

# Response

1 Much too rapid turn-over to be a formal group.

2 The President's forum should not be subject to IAA protocol and bureacracy

3 We have not been able to consider the question in the time available.

4 Formal recognition should not, however, lead to the Forum being dictated to by the IAA.

5 This role is consistent with what the Presidents' Forum has determined for itself.

6 it should be formal in the sense of being recognized, but be independent as a discussion/advice group

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Strategic Planning Questionnaire - Governance Results Overview

28. Do you believe that the IAA structure should include a permanent body other than the EC responsible for strategic planning?

# Response

1 To guarantee some uniformity between all members associations.

2Yes, following up on strategic decisions and action plans should be delegated to an "Operational Committee" having just this role and meeting more frequently than twice a year (but not physically in all cases, nowadays phone or Web based conferences offer easy facilities for it)=.

3

The best approach would depend on the demands placed on the EC. ECs are frequently busy enough with operational issues, such that they would not have the time to devote to strategic planning. If the EC is expected to be busy with just the operational issues, then a separate body would be required. It ideally would include past members of the EC and Council, with regular feedback provided to the EC and Council. It should also solicit input and regular feedback from any group significantly impacted by the draft strategic plan before formally proposing changes to the strategic plan.

4A permanent committee that feeds into the EC will bring more continuity and be able to pro-actively monitor changes that may affect the profession globally or regionally

5Yes, there should be a separate body charged with developing a new strategic plan. The EC will determine when a new plan is needed within a range of 3-5 years

6 Conformed by officers, 3 past presidents and a representative of each Region appointed by the Nominations Committee

7 A Strategic Planning Committee that would provide advice and facilitate the planning process within the IAA

8 the EC has a lot to do already and this needs important thinking time

9EC will be fully occupied by other duties and therefore the Task Force or Commeettee for Strategic Planning is needed and because of fast changes in the economical and political enviroment it should constantly monitor a need for potential necessary changes in strategic planing and recommend changes to the EC.

10 There should be a strategic planning committee reporting to the EC.

11 should report to the EC

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Strategic Planning Questionnaire - Governance Results Overview

29. Comments

# Response

1

1. The ongoing development of the Strategic Plan should be the responsibility of the EC; it may form a sub-committee to deal with the matter. As there is no place elsewhere for additional comments, I am submitting them here: The governance /structure MUST deal with the following two key issues: 1. Individual membership (this has to be a nonsense given the essential structure of the IAA as an association of associations - idividuals become members of Sections, not the IAA. 2. The relationship between the Sections and the formal IAA structure; the Sections cannot be even semi-independent of the IAA, must be accountable to EXCO/Council for the ongoing development of their particular area of interest; if there is no action or alignment, Council should be able to close down a Section, but this would be an extereme step.

2Minor adjsutments to strategy can be considered by EC, more significant changes (which should not be frequent) should be considered by a new task force as required

3 We have not been able to consider the question in the time available.

4The structure implied in my answers mirrors to some extent that of the CAS, which has been very successful with clear separation of policy making (Council), executive or operations (EC) and long range strategic thinking (but not decision making) functions.

5The EC would be in charge of monitoring and maintenance of the strategic plan. Every 3 to 5 years, there should be a separate body charged with developing a new strategic plan. The EC will be in charge of determining the exact timing within the 3 to 5 year period.

6 Shouldn't IAA have a Committee or Team to oversee the operation of EC?

7 Please, avoid confusion.

8A permanent body might want to be continually adapting the strategy - a more preferable approach would be to stand down the current Task Force after completing this exercise and, when the strategy needs reviewing again, then a new Task Force could be established.

9 Members of this Committee should be restricted to a single term of 3-5 years.

10The EC should be given responsibility for annual updates. A separate Committee should be given responsibility for developing a new Strategic Plan every 3-5 years, with representation on that committee from the EC.

11There should be a separate body charged with developing a new strategic plan. The EC will determine when a new plan is needed within a range of 3-5 years.

12 it could depend upon other duties given to the EC

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Strategic Planning Questionnaire - Governance Results Overview

30. Please list international organization(s) similar to the IAA whose structure and governance could be of interest to the IAA.

# Response

1 Hmm...don't know.

2 Groupe Consultatif

3Maybe you could ask the WTO about it, they should know. Spontaneously I'd cite the CFA (Chartered Financial Accountants). The architects? Any medical associations?

4 UN, FIFA

5Accountants CFA PRMIA

6 None.

7 IASB,IAASB

8 International Federation of Accountants – http://www.ifac.org

9 not familiar enough to say

10 IAIS

11 IFAC is an interest organization to look at. It emphasizes the public interest in its Boards.

12 The IAIS

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Strategic Planning Questionnaire - Governance Results Overview

31. Additional comments

# Response

1 See previous comments

2Due to time constraints the answers given here have not been fully considered by our board, and should not be considered as a final position. However the board is aware of the survey and the answers given have been informally discussed.

3 We have not been able to consider the question in the time available.

4 See #29 - perhaps it belonged here.

5 Shouldn't IAA have a committee or Team to oversee the operation of EC?

6Any governance structure also has to examine whether it can respond to the public interest, ie whether an advisory group is needed and whether sufficient safeguards are provided.

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