Recommendations of the Members By-Laws Review Committee 47 Current By-Laws (January 2023) (A) Board’s Proposed Change (B) Board’s Rationale (C) By-Law Committee’s Recommendation (D) By-Law Committee’s Rationale (E) according to generally accepted accounting standards and the policies approved by the Board. vi. Periodical Checks and test of all financial systems and procedures to assess the reliability of the systems/ procedures and the accuracy of the information they produce. vii. Effective management of the Society’s financial risks and liquidity to minimize losses and ensure regulatory compliance. viii. New/ renewal investments opportunities are properly researched and appropriately recommended based on objective criteria. ix. In collaboration with management, work to develop effective and informative financial reporting for members of the Board.
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