RIMS Canada Council Mandate

MISSION:       

The RIMS Canada Council (RCC), a standing committee of the Risk and Insurance Management Society, Inc. (RIMS), serves to enhance the activities of RIMS and the practice of risk management in Canada, while representing the interests of Canadian members and their chapters.

COMPOSITION:       

Members of the RCC must be RIMS deputy members in good standing and include one representative from each Canadian Chapter.  The RCC may establish and appoint sub-committees as needed. The RCC may, at its discretion, invite RIMS deputies who are not currently serving as RCC representatives to serve on the Executive Committee.  These individuals would serve in an ex-officio capacity, and would not be permitted to vote on RCC business.  Only RCC representatives may vote on RCC business. 

SCOPE:               

To address Canadian activities and risk management in Canada and to ensure that products and services provided by RIMS address the needs of Canadian members and chapters while supporting the Mission and Strategic Plan of RIMS.

DUTIES:             

Develop and implement strategies to:

• Increase the recognition of risk management as a profession within Canada and to enhance professional development opportunities for RIMS members in Canada
• Increase the visibility of RIMS/RCC before Canadian policymakers.
• Grow RIMS membership in Canada.
• Leverage the RIMS Canada Conference to communicate RIMS/RCC activities and accomplishments internally to members and externally to media, governments and other groups.
• Support effective volunteer succession planning.
• Promote the education activities available to Canadian risk managers, with RIMS Professional Development Department, particularly those that support and complement the RIMS Fellow designation.

The RCC, along with  the RIMS Board of Directors liaison and the RIMS Director of Membership and Chapter Services will recommend to the RIMS Executive Director a Canadian Consultant (as necessary) and will annually provide input on the performance of the consultant and recommend modifications, as necessary, to the consultant’s contract.

The RCC is responsible for the assignment and coordination of the RIMS Canada Conference.  The RCC retains a portion of revenues from this annual conference under its conference award agreement with the sponsoring Canadian chapters.

The RCC manages its own monetary affairs in coordination with RIMS Chief Financial Officer.  Funds retained by the RCC from the RIMS Canada Conference surplus will be used exclusively to fulfill RCC responsibilities.  Such funds will be held in trust for the Canadian chapters. Upon dissolution, the balance of any assets or property of the RCC which remains after all debts or obligations are paid will be distributed on the basis of membership among the Canadian chapters in existence at the time of dissolution.  The RCC’s financial affairs will be reported to and be part of the RIMS budgetary process and financial reporting.

As part of its financial management responsibilities, the RCC will:

• Continue to have RIMS conduct an annual audit of the RCC’s financial records;
• Establish an annual budget process that can be incorporated into the RIMS annual budget process;
• Establish and follow RCC investment policy guidelines;
• Provide monthly financial information to the RIMS CFO.

The RCC has the authority to enter into contracts on behalf of RIMS and its membership provided that such contracts have been reviewed and approved by RIMS per RIMS signing and approval authorities. 

Be responsible for all other activities with a Canadian-specific perspective making full use of the resources of RIMS, its committees, the Canadian chapters and the RCC.

RIMS BOARD OF DIRECTORS LIAISON:         Board Member with Portfolio responsibilities

RIMS STAFF LIAISON:      Director of Membership and Chapter Services