ITF

The ITF strives for best practice in the areas of transparency and public communication; democratic processes; checks and balances; solidarity; accountability; inclusiveness and follows the rule of the law assuring that corruption does not take place. The ITF will hold staff, volunteers, National Associations, Regional Associations and the organisation to consistent moral and ethical standards to assure their character, ability, strength and truth. The corporate structure and arrangement are designed to ensure the highest levels of integrity for the management of the ITF's affairs and is subject to continuous review as best practice evolves. The constitution prescribes areas of governance including term limits placed on the President and on directors and the inclusion of athlete representatives on the Board. Directors The President, elected every four years by the member nations at the Annual General Meeting (AGM), is also Chairman of the Board. Fifteen directors (including the President) are elected every four years by the member nations at the AGM. The ITF Constitution clearly sets out the rules of election to ensure a geographical representation on the Board. However, election to the Board is personal and no director shall be accountable to the National Association or Regional Association from whom he or she is drawn. In addition to the elected directors, there are two athlete representative directors appointed by the elected directors every four years at a Board meeting. The Board of Directors meets regularly throughout the year and is responsible for the overall management of the company including its strategic direction. Council, Committees and Commissions A general meeting of the council takes place each year, referred to as the AGM. The Board of Directors reports annually to the AGM. The Board of Directors appoints members of committees and commissions to advise CORPORATE GOVERNANCE and make recommendations to the Board on specific matters of the ITF. Such committees and commissions may include appropriately qualified persons other than members of the Board of Directors. Communications The ITF recognises the importance of maintaining a purposeful relationship with its National Associations and affiliated Regional Associations. The ITF communicates with member nations in a number of ways such as the ITF website, direct mail, publications such as our regular e-newsletter and through affiliated Regional Associations. Member nations are entitled to attend the AGM, in accordance with the provisions of the ITF Constitution, where the Board expects their participation and informs them of the ITF's key strategies including the business plan. Accountability and Audit The Board of Directors is responsible for the ITF's system of internal control and for reviewing its effectiveness. Such systems are designed to reduce the risk of failure to achieve business objectives and by their nature can provide only reasonable and not absolute assurance against material misstatement or loss. The processes used by the Board to review the effectiveness of internal control include the Finance Committee and the Audit and Risk Committee, whose members are non- executive members of the Board or independent representatives. These committees meet a minimum of twice a year, have written terms of reference and report formally to the Board. The Finance Committee reviews the financial planning and performance of the organisation against business plans and budgets. The Audit Committee reviews the annual Financial Statements and the scope of the work of the external auditors from whom it receives a report presenting the results of their audit. The committee discusses the actions to be taken in areas of control with the relevant executives. Remuneration Committee The Remuneration Committee consists of two non-executive members of the Board and one independent member. ITF Trust Annual Report and Consolidated Financial Statements 9

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