What is the role of the RIBO Board of Directors?

The role of the RIBO Board of Directors is fundamentally about governing RIBO operations. This involves overseeing the strategic direction of the organization, ensuring that it functions effectively in accordance with the regulations and standards set forth for insurance brokers in Ontario. The Board is responsible for setting policies, making decisions on governance matters, and ensuring that the organization complies with applicable laws and regulations. This oversight is crucial for maintaining the integrity of the broker sector, protecting the interests of consumers, and fostering professionalism within the industry.

While managing financial audits is an aspect of organizational responsibility, it falls under the broader umbrella of governance rather than being a primary role of the Board itself. Interaction with the public and providing direct support to brokers are important functions, but these activities typically align more with the operational aspects of the organization and its staff rather than the strategic governance duties of the Board. Thus, the governing function encapsulates a broader responsibility that aligns best with the role of the RIBO Board of Directors.