The Association has the following governance structure:
- Governing Board - comprised of 5-7 members elected by the general assembly of members.
- Annual General Meeting - attended by all members that are in good standing with regards to all membership obligations.
- Sub-Committees - coordinated by members appointed by the board with members and participants who voluntarily serve according to their expertise.
There are three Sub-committees of the Board:
The Finance sub-committee includes at least one member of the Board and other co-opted members who are experts in budgeting, fund-raising and accounting. The group ensures that proper accounting procedures are being carried out within the Association, assists in the development of an annual budget for the Association, monitors adherence to the budget, helps to identify and engage sources of funding and oversees the investment of financial assets of the Association.
The sub-committee also approves expenditures which exceed specified limits as determined by the Board.
The membership sub-committee is comprised of at least one member of the Board and other appointees as the Board sees fit. Their objectives are:
- Develop a programme of activities which will engage potential members throughout the region in order to increase membership in the Association.
- Develop collateral material, prepare content for the website such as a members’ handbook and code of conduct.
- Report on the needs and requirements of existing members in order to better understand and serve the ecosystem.
- Advise on a schedule of membership fees to be adopted by the Board.
The sub-committee dedicated to advocacy is represented by key members of the Association who will also report to the Board on a quarterly basis. This group interfaces with regulatory bodies, government, legislature, the legal fraternity and members of the Association in order to identify and address issues requiring regulation which directly affect the Alternative Investment Ecosystem.
Additionally, this sub-committee carries out research and advocates for changes in the Industry which affect deal flow but do not require legislation
The Association has embarked on the following two Programmes in 2019-2020:
- Providing education and professional development in best practices, legal structures and professional qualifications for members
- Research and information dissemination activities related to the Alternative Investment Ecosystem.
For information on membership in CARAIA please go to the Members page.