The Constitution requires that the Board comprises a majority of independent Directors, in line with accepted governance best practices.  Distinctive Options’ Board has a majority of independent members and it generally meets each month on the fourth Tuesday.  Since the pandemic outbreak, Board and Committee Meetings use the on-line Zoom platform for meetings.

As part of its governance role, the Board utilises a number of Committees to review and recommend on specific matters as per each Committee’s adopted terms of reference.  Committees currently comprise:

• Audit & Finance Committee
• Governance & Risk Committee
• Business Development Committee

These Committees meet on a rolling pattern as required.

In addition, the Board monitors the organisation’s performance against strategic goals using a Balanced Scorecard.  The Scorecard is scrutinised and reviewed on a quarterly basis by the Board.