Australasian regional board

Recent changes agreed by CIMA’s council aim to bring the institute closer to local market conditions and provide the regional autonomy and empowerment essential to meet the council’s objectives.

CIMA’s council approved the formation of an Australasian regional board (ARB) in March 2011. This board will replace the existing NECs of Australia and New Zealand and will be made up of representatives from both countries.

CIMA wishes to ensure that it engages with and takes advantage of local conditions which are best understood by CIMA members and staff locally. They will be empowered to propose their own governance rules to meet CIMA's council’s objectives.

What does this mean for CIMA in Australasia? 
The great news is that the formation of an Australasian board has been agreed. This board is empowered by council and is dedicated to overseeing CIMA’s agreed strategy in terms of the Australasian market.

The Australasian board will consist of:

• appointed members (eight members elected by the eight branch committees, the CIMA council member for area 19 and two coopted members)
• two members elected by CIMA’s Australian members
• one member elected by CIMA’s New Zealand members  

The roles are voluntary, with travel and subsistence claims covered in line with agreed members’ expense policy. The board is likely to meet three times a year. It is expected to be fully formed by June 2011 and hold its first board meeting in July.

Nominations for posts on the first regional board are now closed. The results will be announced shortly.