The Technology Committee

The Technology sub-committee includes executive Directors and management. Its primary functions are to:

• Review with the management, plans objectives and budgets, and to make appropriate recommendations to the Board;
   

• Monitor and review budgeted expenditures and service providers performance;
   

• Monitor and review strategic and operational IT/Technology-based plans with management, and evaluate their effectiveness in meeting agreed objectives of user requirements, productivity, improvements in customer service, product development, administrative and functional relevance and efficiency, as well as their benefits to the companies
   

• Ensure that the IT staffing is competent and properly trained for executing the objectives and plans;
   

• Review and monitor IT operations standards, security requirements, disaster recovery plans and process changes

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