Governance
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 regard 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 four (4) Sub-committees of the Board:
Finance & Administration
The Finance & Administration sub-committee includes at least one member of the Board and other co-opted members who are experts in budgeting, fund-raising, and accounting. Their objectives are:
1. Ensure that proper accounting procedures are being carried out within the Association
2. Assist in the development of an annual budget for the Association
3. Monitor adherence to the budget
4. Help to identify and engage sources of funding
5. Oversee the investment of financial assets of the Association
The sub-committee also approves expenditures that exceed specified limits as determined by the Board.
Membership, Marketing, and Events
The membership, marketing & events sub-committee is comprised of at least one member of the Board and other appointees as the Board sees fit. Their objectives are:
1. Develop a programme of activities that will engage potential members throughout the region to increase membership in the Association
2. Develop collateral material, and prepare content for the website such as a members’ handbook and code of conduct.
3. Report on the needs and requirements of existing members to better understand and serve the ecosystem.
4. Give advice on the schedule of membership fees to be adopted by the Board.
Advocacy
The sub-committee dedicated to advocacy is represented by key members of the Association who will also report to the Board every quarter. Their objectives are:
1. Proactively lobby regulators and policy-makers on matters relating to alternative investments and advocate for changes that will enhance the growth and sustainability of the industry.
2. Lobby institutional investors such as pension funds, to accelerate participation in terms of capital allocation to the Alternative Investment asset class
3. Work closely with experts including legal and tax experts along with other associations (local and international) including multi-laterals, development banks, and other agencies to attract grants, donations, and technical assistance to further promote and strengthen the regional alternative investment market.
Additionally, this sub-committee carries out research and advocates for changes in the Industry that affect deal flow but do not require legislation
Training, Research & Reporting
The sub-committee for training, research, and reporting is comprised of at least one member of the Board and other appointees as the Board sees fit. Their objectives are:
1. Agree on the annual research agenda and training plan
2. Review and approve TORs and contracts for relevant consultants
3. Oversee publishing of reports and other publications
4. Direct and monitor media and public relations events
Meet the Board