Daily operation

Operation and structure

The BASE is managed by a Board of directors composed of a maximum of ten directors nominated by the members of the Association.

The Board of directors may co-opt a maximum of three independent directors who are elected on the basis of their experience in the financial sector and who have served on the governing bodies of a member or former member.

The directors who are elected or co-opted may co-opt an additional director who bears the title of Managing Director and who is appointed on the basis of his experience and technical knowledge and to whom they can entrust the day-to-day management of the Association within the limits set by them.

The directors’ mandates are for two years and are renewable.

The Board elects a Chair, Vice-Chair, Secretary and Treasurer from among its members.

The Board meets at least four times a year and reports to the General Assembly. As a rule, the General Assembly takes place at the beginning of June.

The Chair of the Board of directors chairs the General Meeting.

The Director Financial Markets and Infrastructure of Febelfin is also Managing Director of the BASE. He heads the Secretariat of the Association.

Employer representation

The BASE Secretariat takes the necessary steps for effective employer representation at various levels. Such governance is important and necessary depending on the changes related to the members of the Association, the representatives on the Board of directors and the chairmanship.

In particular, the BASE ensures representation in the board of Joint Committee 309 (JC 309) by designating permanent members and deputies. The Secretariat also ensures that the presence quorum is achieved in the meetings of JC 309.

Another focal point of the BASE is the employer’s representation on the board of directors of the Joint Fund for Groups at Risk and, more specifically, the effective participation in the meetings of the board of that fund.

Finally, the Association is also responsible for coordinating the representation in the Protection Fund for Deposits and Financial Instruments and in the College of Mediation of Ombudsfin.

The Secretariat

The Secretariat takes on all the administrative tasks of the Association: membership administration, contributions, treasury and accounting, organization and documentation of meetings, General Assemblies, elections, website, etc.

Furthermore, in the context of the mission of the Joint Fund for Groups at Risk (JFGR), the Secretariat also takes care of the administrative part, including the preparation of the annual activity report for the FPS Employment. An important aspect of this administrative role includes on the one hand the accounting and the treasury of this fund, and on the other hand the complete follow-up of the requests for intervention of our members relating to training provided outside the Startfin / Febelfin Academy program. This responsibility includes the receipt of these requests, their analysis, their submission to the board of directors of the JFGR, and the effective payment of the amount of the approved intervention.