The Institute The stated mission of the Institute is to promote the development and discipline of Operational Risk and to foster and maintain investigations and research into the best means and methods of developing and applying the discipline and to encourage, increase, disseminate and promote knowledge, education and training and the exchange of information and ideas. The Institute is governed by a Board of Directors (The Council) elected by its members. This single central body, known as ’The Council’ contains two types of directors; Directors without Portfolio – responsible for governance, audit and oversight on strategic direction; and Directors with Portfolio – in addition to strategic direction, have responsibility for a specific portfolio. For more information please visit: https://www.ior-institute.org/about-us