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Board Committees

Audit and Risk Committee

The purpose of the Committee is to assist the Board in fulfilling its oversight responsibility relating to (i) the integrity of the Municipal Securities Rulemaking Board’s (MSRB) financial statements and financial reporting process and the MSRB’s systems of internal accounting and financial controls; (ii) the performance of the internal audit function; (iii) the annual independent audit of the MSRB’s financial statements, the engagement of the independent auditors and the evaluation of the independent auditors’ qualifications, independence and performance; (iv) compliance by the MSRB with legal and regulatory requirements; (v) the evaluation of enterprise risk issues; and (vi) the fulfillment of the other responsibilities set out hereinRead the full committee charter.

Members
Carol Kostik – Chair
Jennie Bennett
Dan Kiley
Donna Simonetti
Liz Sweeney
 

Finance Committee

The purpose of the Committee is to assist the Board in fulfilling its oversight responsibility relating to (i) the monitoring of financial performance and the budgeting process; (ii) the non-Chief Executive Officer compensation levels; and (iii) the fulfillment of the other responsibilities set out herein. Read the full committee charter.

Members
Frank Fairman - Chair
Bo Daniels
Meredith Hathorn
Thalia Meehan
Seema Mohanty
 

Governance Committee

The Governance Committee (“Committee”) is a standing committee of the Board of Directors (“Board”) of the Municipal Securities Rulemaking Board (MSRB). The purpose of the Committee is to assist the Board in fulfilling its oversight responsibilities regarding the effectiveness of the Board’s corporate governance system. The Committee is responsible for: (i) overseeing corporate governance policies and practices applicable to the Board; (ii) monitoring and reviewing the structures of the Board and its committees; (iii) overseeing the evaluation of the Board; and (iv) fulfilling the other responsibilities set out herein. Read the full committee charter.

Members
Joe Darcy – Chair
Caroline Cruise
Katano Kasaine
Dan Kiley
Angelia Schmidt
 

Nominating Committee

The purpose of the Committee is to nominate candidates for the Board of the Municipal Securities Rulemaking Board (MSRB) for election by the Board. The Committee is responsible for: (i) the annual nominating process for new Board members; (ii) addressing any vacancies on the Board; and (iii) fulfilling the other responsibilities set out herein. Read the full committee charter.

Members
Meredith Hathorn – Chair
Jennie Bennett
Caroline Cruise
Bo Daniels
Thalia Meehan
Seema Mohanty
Angelia Schmidt
 

Steering Committee

The Steering Committee ("Committee") is a standing committee of the Board of Directors ("Board"). The purpose of the Committee is to assist it in the administration of Board responsibilities and in implementation of the policy decisions of the Board. The Committee is responsible for assisting the Board with: (i) developing the strategic direction of the organization, including guiding staff with preparing and carrying out the organization’s strategic plan and annual operating plan, as recommended by the Committee and approved by the Board; (ii) fulfilling its oversight responsibility relating to the Chief Executive Officer’s annual performance review and compensation; (iii) oversight of organizational performance; (iv) legislative activities; (v) oversight responsibilities relating to the MSRB’s technology strategy and significant technology initiatives; and (vi) oversight responsibilities relating to stakeholder engagement and outreach initiatives. It will also be responsible for overseeing the activities of the Board’s standing committees and other groups. It is the general intention that all substantive matters in the ordinary course of business be brought before the full Board for action, but the Board recognizes the need for flexibility to act on substantive matters where, in the opinion of the Board Chair, expedited action may be necessary between Board meetings. All action by the Steering Committee shall be reported to the Board at its next regularly scheduled meeting and shall be subject to revision and alteration by the BoardRead the full committee charter.

Members
Patrick Brett – Chair
Caroline Cruise
Joe Darcy
Frank Fairman
Meredith Hathorn
Carol Kostik
Seema Mohanty
 

Stakeholder Engagement Committee

The purpose of the Committee is to assist the Board in (i) advancing the MSRB’s engagement with stakeholders, including investors, issuers, regulated entities, oversight authorities and other stakeholders and stakeholder groups; (ii) providing strategic direction on Board Member and staff involvement in stakeholder engagement activities; and (iii) the fulfillment of the other responsibilities set out herein. Read the full committee charter.

Members
Seema Mohanty – Chair
Patrick Brett
Manju Ganeriwala
Carol Kostik
Thalia Meehan
 

Special Committees

The MSRB launched two new special committees in FY 2020, one examining the MSRB’s governance practices and another leading the nationwide search for a new president and CEO. Read the press release announcing the new committees.

CEO Search Special Committee Members
Bill Fitzgerald, Chair 
Jerry Ford
Manju Ganeriwala
Kemp Lewis
Seema Mohanty
Donna Simonetti
Ed Sisk

Governance Review Special Committee
Bob Brown, Chair
Patrick Brett
Julia Cooper
Joe Darcy
Jerry Ford
Meredith Hathorn
Donna Simonetti