Board Committees - Libyan Investment Authority

Keep abreast with the most prominent Sovereign wealth funds

The four Board Committees report to the Board of Directors and are responsible for following up matters referred by the Executive Management to be tabled to the Board of Directors.

  • Giving opinion on key strategic issues including the long-term strategy and investment policies and implementation thereof, as well as the overall governance framework and oversight over the Authority through audits -reviews and periodical reports.
    • Defining and monitoring the internal controls and disclosure as well as internal and external auditing and framework of risk management policies and practices.
    • Monitoring compliance with policies, laws, regulations and code of conduct. Defining the measures of continuation and preservation of effective actions.
    • Reviewing and making recommendations on proposals of investment, investment policies, standards, measures, performance of the portfolio, allocation of assets and performance of the Director of Investments.
    • Recommendation to appoint an investment consultant, custodians and directors of external funds and separating them along with reviewing matters related to frozen assets of LIA.
    • Submitting a recommendation in relation to nominations for the top positions, the annual workforce plan and the general framework of salaries, remunerations and incentives at LIA.
    • Defining and monitoring the extent of LIA s commitment to appropriate robust governance standards.
    • Making a recommendation to support the Board of Directors and emanating committees therein to carry out the missions related to governance framework.
    • Giving advice to members of the Board of Directors and its committees on the potential conflict of interests.
  • Board of Directors
    Giving opinion on key strategic issues including the long-term strategy and investment policies and implementation thereof, as well as the overall governance framework and oversight over the Authority through audits -reviews and periodical reports.
  • Committee of Audit, risk and compliance
    • Defining and monitoring the internal controls and disclosure as well as internal and external auditing and framework of risk management policies and practices.
    • Monitoring compliance with policies, laws, regulations and code of conduct. Defining the measures of continuation and preservation of effective actions.
  • Committee of investment
    • Reviewing and making recommendations on proposals of investment, investment policies, standards, measures, performance of the portfolio, allocation of assets and performance of the Director of Investments.
    • Recommendation to appoint an investment consultant, custodians and directors of external funds and separating them along with reviewing matters related to frozen assets of LIA.
  • Committee of Appointments and remunerations
    • Submitting a recommendation in relation to nominations for the top positions, the annual workforce plan and the general framework of salaries, remunerations and incentives at LIA.
  • Committee of governance
    • Defining and monitoring the extent of LIA s commitment to appropriate robust governance standards.
    • Making a recommendation to support the Board of Directors and emanating committees therein to carry out the missions related to governance framework.
    • Giving advice to members of the Board of Directors and its committees on the potential conflict of interests.

© 2021 LIA,  ALL RIGHTS RESERVED.

© 2021 LIA,  ALL RIGHTS RESERVED.