Section 6.6: Risk Management Advisory Committee Operating Procedures
I. Purpose and Scope
The Risk Management Advisory Committee advises the Finance Committee and ultimately the Board of Directors on matters of risk management and loss control for all ASSP units and operations.
The subcommittee shall consist of three members of the Finance Committee, including the vice president, Finance, as chair. Subcommittee members are appointed by the vice president, finance, for one-year terms and may be reappointed.
III. Meetings and Schedule of Events
The subcommittee will not normally hold meetings, but will conduct its business by phone, including conference calls, mail or e-mail, to be scheduled as needed.
IV. Organizational Relationships
The subcommittee is accountable to the Finance Committee. The staff liaison is the director of finance.
V. Responsibilities and Accountabilities
The subcommittee is responsible for examining and evaluating accident and loss trends, exposures and potential liabilities for ASSP, including ASSP headquarters operations, and volunteer governance and constituent units, including but not limited to:
- Staff employee safety and health
- Public liability (e.g., general, products, liquor)
- Professional and publishers liability
- Directors and officers liability
- Property protection and security
The committee will give special attention to region/chapter/section special event exposures and liability needs.
It will advise the Finance Committee on noninsurance risk management techniques.
It will also assist staff in periodically developing specifications for insurance coverage and requests for proposals.
Approved By | Date: Board of Directors | 12/12/19
Replaces Edition Dated: 06/2014
Next Revision Due: 12/2022