PRMIA issues draft bylaws

The Professional Risk Managers’ International Association (PRMIA) today issued its draft bylaws outlining the internal structure and responsibilities of the group.

The draft proposals are intended to ensure the association is a transparent, non-for-profit and independent member-focused organisation.

PRMIA members will vote-in nine permanent directors later this year. Two directors must be voted in from the Americas region; two from Europe, the Middle East and Africa region; and two from the Asia, Southeast Asia and Australasian region. Another three directors will be selected from anywhere in the world.

The idea is to ensure PRMIA is a global body. One of the criticisms of the Global Association of Risk Professionals - from which PRMIA is a break-off body - was its apparently US-centric approach.

Elections of PRMIA's first board of directors will likely take place in August. Subsequent elections will take place at annual members' meetings.

A further clause states that any director may be removed at any time, with or without cause, by the vote of PRMIA members.