Efficiency, Governance and Viability

Core Aim - Review and future proof the Executive Board and National Council to ensure operational resilience and ensure the Institute remains financially viable through exploring new income generation opportunities

Actions

The key priority for 2022/23 - to review the current management structure of TMI and to put in place urgent measures to secure financial stability.

The Executive Board, with the specific guidance of the Hon Treasurer and support of the Hon Secretary will:

• Review the national structure of the organisation (Executive responsibility)

• Scrutinise expenditure and identify a range of potential efficiency savings

• Explore efficiencies in relation to existing income, generating new programmes and potential income stream

•

• Maintain sound financial management of the Institute and TMI Trading Ltd.

• Maintain good written records of the Institute’s meetings and Working Groups.

• Maintain good written records of the meetings of TMI Trading Ltd.

During 2020/21 the Executive Board will meet formally on at least four occasions and the National Council on at least two occasions. There will also be an annual general meeting.