The Institute and Faculty of Actuaries (IFoA) council has announced approval on a series of changes aimed at modernising and strengthening the professional body’s governance.
The body detailed the changes will go live during the first half of next year and will reflect "leading governance practice" and support the IFoA's "ambition to be a globally leading professional body" promoting accessibility and diversity, it stated. The existing IFoA management board will be revised as a new ‘unitary board' with an independent chair, with the body said will be appointed "in due course." The board will have nine members in total, comprising four independent non-executive directors (including the chair), four IFoA member non-executive directors (one of whom will be pr...
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