Board Committees

The purpose of the Audit and Risk Committee is to assist the MSRB Board of Directors in fulfilling its enterprise risk management and audit oversight responsibilities, including those relating to the integrity of the MSRB’s financial statements and financial reporting process, and systems of internal accounting and financial controls. The Committee fulfills this responsibility through direct oversight of the MSRB’s annual independent audit of financial statements and its internal audit function. Additionally, the Committee assists the Board through oversight of the organization’s compliance with legal and regulatory requirements including the U.S. Securities and Exchange Commission’s Regulation Systems Compliance and Integrity, whistleblower complaints and the evaluation of other enterprise risk issues. Read the full committee charter.

Members
Julia H. Cooper, Chair
Joseph Darcy
Richard K. Ellis
William M. Fitzgerald, Sr. 
Daniel Kiley

The purpose of the Finance Committee is to assist the MSRB Board of Directors in fulfilling its oversight responsibility relating to monitoring the financial performance of the organization and the review and recommendation of the annual budget. The Committee also oversees the staff compensation strategy and is responsible for annually reviewing the organization’s investment strategy and policy, among other activities. Read the full committee charter. Read the full committee charter.

Members
Jerry W. Ford, Chair
Patrick Brett
Francis Fairman
Lakshmi Kommi
Kemp J. Lewis
Christopher M. Ryon

The purpose of the Nominating and Governance Committee is to nominate candidates for election by the MSRB Board of Directors, implementing its criteria for new members, and to address Board vacancies, as necessary. The Committee is also responsible for assisting the Board in fulfilling oversight responsibilities related to the effectiveness of the MSRB’s corporate governance system, including Board governing documents. The Committee advises on matters related to Board and committee structure and Board member compensation, and oversees new Board member orientation and the annual Board evaluation. Read the full committee charter.

Members
Robert Clarke Brown, Chair
Renee Boicourt
Caroline Cruise 
Joseph Darcy
Ronald Dieckman
Manju S. Ganeriwala
Daniel Kiley
Seema Mohanty 
Donna Simonetti 
Edward J. Sisk
Beth Wolchock

The purpose of the Steering Committee is to assist the MSRB Board of Directors in the administration and implementation of Board policy decisions. The Committee is responsible for developing strategic direction of the organization, including the implementation of its strategic plan, annual operating plan and key performance indicators, creating market leadership and outreach initiatives, and overseeing the performance of the organization, among other activities. Read the full committee charter.

Members
Gary Hall, Chair
Renee Boicourt (non-voting member)
Robert Clarke Brown
Julia H. Cooper
Richard K. Ellis
Jerry W. Ford
Manju S. Ganeriwala
Edward J. Sisk

The purpose of the Technology Committee is to assist the MSRB Board of Directors in fulfilling its oversight responsibility related to the MSRB’s technology structure, initiatives, operations and risks. The Committee is responsible for guiding staff in the development, evolution and advancement of the MSRB’s long-term technology strategy, monitoring the progress of significant technology-related projects and making recommendations to ensure the MSRB’s technology systems remain efficient, resilient and secure. Read the full committee charter.

Members
Richard K. Ellis, Chair
Patrick Brett
Ronald Dieckman 
Seema Mohanty
Christopher M. Ryon