Board Service Resource

PRMIA is a member-led, mission-focused nonprofit dedicated to advancing and promoting the risk profession. Serving this community is a great honor.

Board members are the fiduciaries who steer the organization towards a sustainable future by adopting sound, ethical, and legal governance and financial management policies, as well as making sure the nonprofit has adequate resources to advance its mission.

National Council of Nonprofits

Bylaws

The PRMIA Board and its Committees adhere to the bylaws approved by membership. Please review for more detail on the election process.

Board Qualities

Golden Principle

All Board members, without exception, should have an enthusiasm for PRMIA as part of their Duty of Loyalty, Duty of Obedience, and Duty of Care. Regarding the Duty of Loyalty, potential conflicts of interest should be evaluated and readily disclosed during nomination processes and during Board service. See Board Terms of Reference for more detail.

The Board seeks those who have had volunteer experience, and/or who have served a previous volunteer role with PRMIA.

Diversity

The Board seeks to match the diversity of thought, region, and gender of the membership it represents.

The Board should collectively have world class knowledge and experience. This includes coverage of the 'traditional' risks, such as market, credit, operational, and liquidity risk; and other areas such as conduct/compliance, technology, and geopolitical/country risks.

Collective experience should cover broad industries or lines of business, including commercial banking, Investment banking, fund management/pensions, insurance, energy and corporate.

Board members should align to key regions and cities where PRMIA has substantial numbers of members, or is growing membership, while balancing representation across the broader membership base.

Network Connectors

A key role of Board members is to make connections and open doors to other practitioner members, senior leadership, and key decision makers in order to advance the PRMIA mission. This year, we are seeking individuals who can support PRMIA efforts by helping to grow membership, sponsorship, and learning and development opportunities.

Certification

The Board composition is desired to be comprised of a significant number of PRMTM holders.

Preparation

Nomination submissions will include nominee biographies and a vision statement. Nominees may prepare vision statements by reviewing our activities and financials and speaking with peers on the key issues facing our profession and how PRMIA serves our Community.

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