A landmark year, 2013 saw The Insurance Institute incorporate as a company with limited liability by guarantee, and in so doing alter its corporate governance structure to include a Board of Directors. This significant development brought The Insurance Institute in line with structures common to non-profit organisations, thereby ensuring compliance with the Companies’ Acts and consistency with the Central Bank’s Corporate Governance Code.
The make-up of the Board of Directors is stipulated in the Articles of Association of The Insurance Institute which also provides for rotation of directors to ensure that it remains representative.