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RISK
MANAGEMENT COMMITTEE
This Committee includes a Board Liaison, and a Club Manager, none of whom may
serve as the Chair of the committee, except in the absence of the Chair. It
includes other Owners who have some qualified experience in the evaluation and
administration of risk management policies and programs, for the overall
protection of the CDOA, its Owners, its Capital Assets, its Board of Directors
and Board-appointed Committees, and its Team Members.
This Committee is responsible to regularly review all commercial insurance
policies incident reports, and claims, whether generated internally or from
contracted external sources. This Committee is to determine that the risk
management policies and programs are in conformance with all statutory
requirements and any changes to such requirements, and in compliance with our
CC&R's. This Committee is authorized to obtain competitive bids from
external resources at least every 2 years to ensure that the overall programs,
policies, and systems are in place that are most cost effective for the CDOA,
and then to make recommendations to the Board for action.
This Committee works with the Club Management Team and the Hotel Management Team
to ensure that all training programs, Safety & Security meetings and
programs that are necessary to maintain and/or reduce the possibility of claims
and losses under such policies, inclusive of those insurance policies of the
PPCA
involving the Common Areas of the facility, are in place and working
cost-effectively. This Committee provides an Annual Report to the Board of
Directors of its findings and an opinion regarding the status of compliance of
CDOA commercial insurances with all applicable laws and statutory requirements.
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