TICO's Committees
Audit, Technology and Risk Management Committee
The Audit, Technology and Risk Management Committee was created to assist the Board in the effective discharge of its governance and oversight responsibilities related to the financial reporting, information technology and risk management of the Corporation.
The Committee will oversee financial statements, internal control structures, compliance, technology strategic plan and roadmap, risk management frameworks and the audit functions of TICO. The Committee will review, oversee and provide recommendations to the Board of Directors in the following areas:
- Audit
- Investment Management, Budgets and Finance
- Technology
- Risk Management
Regulatory and Business Strategy Committee
The Business Strategy Committee was created to assist the Board in the effective discharge of its oversight responsibilities in the following areas:
- Business and Strategic Planning
- Legislative and Regulatory Modernization and Reform
- Technology and Business Processes/Operational Effectiveness
- Stakeholder Relations/Communications
- Education
Governance and Human Resources Committee
The Governance and Human Resources Committee is responsible for providing oversight and recommendations to the Board of Directors in the following areas:
- Corporate Governance
- Human Resources
- Complaints against TICO
Consumer and Industry Advisory Committee
Terms of Reference
- To identify and discuss emerging or substantive issues in the travel industry sector;
- To identify and exchange information on issues of interest and importance to consumers;
- To identify and exchange information on issues of interest and importance to registrants;
- To provide advice related to strategies that will enhance consumer and registrant awareness campaigns aimed at advancing consumer protection;
- To provide advice and/or input related to regulatory matters aimed at enhancing legislation administered and enforced by TICO (note: this advice can be in response to regulatory amendments proposed by Ministry/TICO, or on a proactive basis from the Committee);
- To provide advice and/or input on specific projects, as needed, to assist management with effective implementation of strategic goals.
Committee members are expected to:
- Have the ability to serve for a minimum of two years;
- Attend a minimum of two meetings each year in person or virtually (more likely 3 meetings in first year) with a duration of up to 3 hours;
- Participate in special requests for work, whether initiated by the Chair, by the Board of Directors, or by Management under direction of the Committee outside of the pre-scheduled meetings;
- Always act bearing in mind the public interest mandate of TICO with particular emphasis on consumer protection;
- Read and sign a Confidentiality Agreement and Conflict of Interest Declaration before assuming a position on the Committee, and attest to compliance with the foregoing annually thereafter;
- Have his/her/their Committee membership and relevant background published on the Corporation’s website; and,
- Be able to commit the time and resources to serve on the Consumer and Industry Advisory Committee.
Committee Members will be compensated for reasonable out of pocket expenses and consideration of a per diem is under further review.
Qualifications:
- A commitment to the Consumer and Industry Advisory Committee’s purpose and mandate of improving consumer protection;
- Experience and/or perspective in consumer advocacy, behavioral sciences, travel related educational programs and/or broad travel sector experience;
- Strong communication and collaborative skills;
- Previous advisory committee, consumer advocacy, or public policy experience is an asset;
- Demonstrate credibility, integrity and high ethical standards in business dealings and personal affairs;
- An understanding and acknowledgment of how diversity affects the travelling public and the broader travel supply chain
Composition:
The goal is to achieve a committee of approximately 10 members with equal representation of consumer and travel industry interests.
Current Committee Members:
Elliot Finkelman, Chair
Judith Coates
Angela Dennis
Mohsen Dezyanian
Joanne Gellatly
Carol Greenwood
Dan Langevin
Howard Lichtman
Lorraine Nowina
Richard Ollier