IBBA Insights Spring 2024

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Together with many others, I am sure many of

the above-named will be recognized in our newly

launched IBBA Hall of Fame. We look forward

to recognizing the inaugural inductees at our

upcoming Conference in Louisville!

I truly could go on for a few more pages naming

people who made a diference to our organization

but, sufce to say, that all past and present Board

Members, Chairs, Commitee and Task Force

members who have given so much of their time,

energy and wisdom, and where without their

belief and dedication in this great organization

we would not be where we are today – a sincerest

thank you goes out to you all.

Another beautiful thing about our organization

(other than our members) is that we have an

amazing governance model that keeps us on

the mark with our goals, and objectives, year

on year, no mater who sits in this chair. Te

model allows the Board members to “govern”

(develop, and oversee the “ENDS”), while the

Executive Director and management team,

“manage” (execute the “MEANS”) and all through

writen policy. Naturally, the model is a litle

more complex than that, where the Board is

also responsible for the maintenance of the

appropriate Governance Processes and Executive

Director’s Delegation Policies; interpretation of

the directive policies; creation and maintenance

of appropriate Executive Limitations; regular

performance reviews, and more. Tis is a very

robust governing model that each of us should be

aware of, and understand with great clarity, and

once understood it may become a good model to

also operate one’s business brokerage practice.

I encourage each of you to go to Governance

section of the Member Resource Portal and view

the Governance Policy Manual.

LETTER FROM THE CHAIR

Te global market

landscape is changing

whether we like it or not;

we are clearly heading

towards a global economy

with all kinds of emerging

markets and industries,

representing growth

potential for many while

posing challenges

to others.

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