COUNCIL

The Royal Charter states that the objects of the Institute are to encourage the highest standards of professionalism and conduct amongst its members in the public interest; to improve and extend the knowledge and expertise of those engaged in banking and financial services; to conduct examinations and promote the continued study of banking and financial services in all their aspects and to award certificates to those who meet the standards laid down by the Institute; to establish links and to co-operate with other professional or educational bodies with a view to the pursuit of common objectives; and to represent the banking profession both nationally and internationally.

Authority to pursue these objectives is vested in a Council of members who are either elected at the Annual General Meeting or appointed in accordance with the Rules. The Council is ultimately responsible for the management and administration of the Institute, its property and affairs, except where the Royal Charter or Rules prescribe that approval is required by the Institute in General Meeting.

The Council consists of between 15 and 35 people and comprises both elected and appointed members. The powers and composition of Council, periods of office, terms of re-appointment and re-election are prescribed in the Rules.

The powers of Council include the ability to appoint from its number such Committees as are required for the conduct of business, and to delegate to these Committees such powers as it considers appropriate.

Council normally meets on a quarterly basis.