Governance Committee CharterView charter (PDF)
The purpose of the Governance Committee (the “Committee”) of the Board of Governors (the “Board”) of CFA Institute is:
- To oversee the Board, committee and Governor evaluation process;
- To develop, review periodically and recommend amendments to CFA Institute’s corporate governance practices, processes and structures, as reflected in the articles of incorporation, bylaws, governance guidelines, committee charters, delegations of authority, job descriptions for Governors and officers who serve on the Board, and other relevant policies, practices and procedures;
- To consult with the Chair of the Board of CFA Institute (the “Board Chair”) as to Board committee leadership and composition;
- To evaluate performance of the Board Chair and provide feedback to the Board Chair as to his or her performance; and
- To provide oversight of the governance policies relating to its engagement with members.
Director, Federal National Mortgage Association
Member of CFA Society Boston
Diane C. Nordin, CFA, is a director at Fannie Mae and Antares Capital and a former partner at Wellington Management Company. At Wellington, she held several roles—including director of fixed income, director of global relationships management, and director of fixed-income management—and served on numerous committees. Previously, Nordin worked at Fidelity Investments and Putnam Advisory Company. She is a trustee of Wheaton College and a board member of Massachusetts College of Art and Design Foundation and the Appalachian Mountain Club. Nordin is a member of the CFA Society Boston and a graduate of Wheaton College.
Advisory Council Member, Lovell Minnick Partners
Dr. Heinz J. Hockmann is a member of the Advisory Council of Lovell Minnick Partners LLC, a private equity company and buyout manager focusing on financial services and business services.
Heinz was an executive officer at Commerzbank AG in Germany for nearly twenty years and was a Member of the Management Board of the Bank with responsibilities for asset management, private banking, and investment banking. Earlier in his career at Commerzbank, he formed its asset management business for international institutional clients and later built the bank’s global asset management platform. Afterwards, he ran the Management Board of Westfalenbank AG, a midsize bank for corporate and private clients, investment banking, and asset management. He then joined Fortis Investments and developed its asset management business in Germany, Austria, and Eastern Europe.
In 2008, Heinz co-founded Silk Invest, an investment management company headquartered in London and specialized in frontier markets with offices in various African and Middle Eastern countries. He serves on the Board of Silk Invest as well as the boards of several German companies in the financial services sector including WWK, a major German insurance company.
Heinz holds a master’s degree from Bochum University, where he also received his PhD in 1983. He is a lecturer for Investment Banking and Commercial Banking at the Justus-Liebig University in Giessen.
Non-Executive Director, Eni S.p.A.; Co-Founder and Chairman, Climate Governance Initiative
Karina Litvack serves on the boards of Italian Oil & Gas major Eni S.p.A., where she chairs the Sustainability & Scenarios Committee and serves on the Remuneration Committee; and CFA Institute, home of the professional qualification for investment management professionals, where she chairs the ESG Working Group of the Investment Subcommittee and serves on the Governance Committee.
Since the passage of the Paris Agreement at CoP21 in 2015, Karina has also been working to build a global network for fellow board directors to share experiences, engage with technical experts and stakeholders, access specialized training, and help to drive more effective climate transition strategies in the boardroom. Under the auspices of the World Economic Forum, she cofounded the Climate Governance Initiative (CGI), home of the WEF Principles for Effective Climate Governance for Non-Executive Directors, where she chairs the Governing Board. The CGI operates through a network of 17 national and regional Chapters in APAC, EMEA, and the Americas, often in collaboration with local institutes of directors.
Previously, Karina had a 25-year career in finance, latterly running the governance and sustainable investment activities of UK asset manager F&C Investments, which his now BMO Global Asset Management, a unit of the Bank of Montreal.