Operating
Principles and Code of Conduct of the IIAG, its Committee and its
Members
The operating principles of the IIAG is set out in its Constitution (probably needs review and updating) as agreed with Members in 1996. In brief:-
The IIAG is a dedicated forum for internal audit and risk practitioners and professionals in the insurance and related businesses in the financial services industry; The IIAG's “vision” is to be the main forum for the advancement of our profession and practices by identifying emerging issues and areas of development that impact our industry.
The IIAG’s main activity is to organise discussion forums, seminars and conferences for the advancement of the internal audit profession and practices;
A non-profit making organisation, any surplus funds are used to support its activities for the benefit of its Members.
The IIAG works with regulators, trade bodies, consulting firms and providers of internal audit or risk tools with the main aim of keeping its Members informed and being at the forefront of developments and emerging risks and issues.
The IIAG does not endorse any product or provider of tools or services. When organising events, the IIAG exercises due care to ensure that speakers from provider of tools and services speak generically of the tools and subject in question. Any promotion or marketing of tools and services at IIAG events, by sponsors or attendees (Members and Non-Members), must be approved by the IIAG Committee.
The IIAG does not disclose details of its Members to provider of tools or services. Any disclosure must have the consent of those Members affected.
The IIAG is run by the IIAG Committee, consisting of volunteer Members, who are committed to upholding the working principles of the iiag.
The IIAG Committee is committed to upholding and preserving the working principles of the IIAG. This entails:
Regular attendance and active participation at IIAG Committee meetings. Active participation means volunteering for actions and helping to ensure that the workload is distributed appropriately and fairly.
Identifying potential speakers and topics that support the vision of the IIAG.
Attendance at all events organised by the IIAG, to demonstrate – by example – our belief and support for the event as well as to help the smooth running of the event.
Approving Membership of consulting firms, vendors and firms who are not insurance firms or companies from the financial services ie “Non-practitioner” firms. Non-practitioner firms can be Members of the IIAG only on the understanding that they attend on a similar basis as other IIAG Members, that is, for continual professional and practical development. Non-practitioner firms who attempt to use IIAG events to promote their tools and services or to act against the interest of the IIAG will be asked to leave the IIAG.
Determining whether a Committee Member is sufficiently active or contributing constructively to the IIAG. A Committee Member may be invited to step down until such time that the Committee Member is able to participate or commit the time required by the IIAG.
Determining where and when an IIAG Member is not working in the interest of the IIAG, and taking action to discontinue the membership of that Member.
No member of the IIAGCommittee is authorised to commit the IIAG to any contract, expense, sponsorship or endorsement without agreement of the Chairman of the IIAG and/or the IIAG Treasurer.
The IIAG Members should be practitioners of internal auditing, risk and compliance in the insurance and related businesses in the financial services industry.
IIAG Members who do not appear to be upholding the principles or interests of the IIAG will be excluded from the IIAG. These excluded individuals or firms may be allowed to attend IIAG events as Non-Members, subject to the principles of the IIAG and with approval by the IIAG Committee.
The IIAG Committee is committed to maintaining appropriate standards and focus of the group, and welcome any comments or refinements from Members with regard to the above Operating Principles and Code of Conduct.
The IIAG Committee
October 2007