Board Committees

• Audit Committee 〉

  Appointed by the ELFA Board and chaired by the Treasurer, the Audit Committee reviews the annual external audit of the Association and IRS tax returns and makes recommendations as necessary to the Board with respect to the conduct of the audit and overall financial condition of the Association.

• Chairman’s Advisory Council 〉

  The Chairman’s Advisory Council will serve as a unique resource for the chairman of the board due to the qualifications and experiences of its members. It will provide advice and counsel on issues not otherwise normally addressed by any other board, standing, business, or planning committee. It will report recommendations to the chairman/executive committee/board as appropriate. Participation is voluntary and limited to any of the last six chairmen of the board who are still actively employed in the industry. The past, past chairman will serve as chairman of this committee.

• Executive Committee 〉

  Pursuant to the ELFA by-laws, an Executive Committee appointed by the Board and consisting only of officers, directors and the Chair, exercises the authority of the Board to set Association policies, and recommends an annual strategic plan to the Board. The Executive Committee has the authority to act on matters in the interval between Board meetings.

• Fair Business Practices Committee 〉

  The Fair Business Practices Committee reviews and resolves alleged violations involving member companies of the Code of Fair Business Practices.  The Chair, Vice Chair and members are appointed by the Chair of the Association.

• Investment Committee 〉

  Appointed by the ELFA Board of Directors and chaired by the Treasurer, the Investment Committee’s mission is to recommend to the Board investment guidelines and policies for the Association and to regularly report on the performance of the Association’s investments.

• Nominating Committee 〉

  Appointed by the ELFA Board and chaired by the immediate past Chair of the Association, the Nominating Committee solicits, reviews and recommends candidates for election as directors and officers of the Association.

• Personnel Committee 〉

  Chaired by the Association Chair and consisting of the Chair-elect and Immediate Past Chair, the committee provides guidance and oversight on Association personnel matters, which includes staff compensation and benefits.