The Road to the SDGs

– Reconstituting BED committees — The BED has established from among its members four new committees: Finance and Risk Management Committee, Operations and Development Effectiveness Committee, Governance and Administrative Committee, and Audit Committee. They all have a streamlined composition and a clear mandate to conduct in-depth assessment of their key focus areas – Reconstituting management committees — IsDB established several management committees, namely: Executive Management Committee, Asset Liability Management Committee, Investment Management Committee Risk Management Committee, Operations Management Committee, APIF Management Committee, IT Steering Committee and Economic Empowerment Operations Management Committee – Operationalising RHs — RHs are fully responsible and accountable for business development, delivery, revenue generation, resource mobilisation and branding in MCs and Muslim communities in non-MCs. In February 2018, field offices were transformed into RHs in eight MCs (Indonesia, Kazakhstan, Morocco, Nigeria, Senegal, Turkey, Egypt and Bangladesh) and new RHs were established in Suriname, Uganda and the United Arab Emirates, while Saudi Arabia, Palestine and Yemen are managed from the headquarters. The RHs in the United Arab Emirates and Malaysia were then transformed into Centres of Excellence. Currently, IsDB has 10 RHs and 2 Centres of Excellence – Updating the Organisational Manual and the Organisation Structure — The Corporate Governance Section (CGS) publishes monthly updates to the organisation structure in the Governance and Policy Portal. The CGS also periodically reviews the Organisation Manual – Updating the Delegation of Authorities Matrix — The initial DoA was issued in January 2018. As a live document, it requires constant updating to reflect the ongoing changes in IsDB. For this reason, it has subsequently been comprehensively reviewed on several occasions to reflect the necessary authorities and to align it with the new organisational structure and manual. For instance, over 500 authorities have been delegated from the President to lower management layers – Updating policies and developing Policy Management System automation — The President approved the Policy Management Framework (PMF) in 2017 to develop and update the policies required to enable the 10YS and the P5P. The PMF is currently reviewed to adapt it to the changing organisational structure and emerging needs. A new Corporate Governance and Policy Portal has been established to allow IsDB staff and BED members to access governance documents and approved policies – Introducing a Corporate Governance e-Learning Course — A mandatory corporate governance e-learning course has been launched. This course, which must be attended by all staff members once a year, will help staff members understand IsDB's mandate, basic governance documents, membership, capital structure, organisation structure and governance structure – Managing authorised signatures — The President approved the Authorised Signatory Book for Banking and Treasury operations, Investment Operations and Islamic Financial Services Operations in October 2019. In collaboration with SignatureNet, IsDB launched its online platform for the management of authorised signatures in November 2020 – Establishing the Administrative Tribunal — A key milestone in the history of IsDB is the approval by all IsDB Group boards in September 2020 of the establishment of the IsDB Group Administrative Tribunal, expected to start work in the second half of 2021 – Adopting a Code of Conduct for BED members — The BED approved in April 2021 a new code of conduct which sets forth principles and ethical standards applicable to its members. INVESTMENT X The development and implementation of the ICF involves several IsDB units. For instance, IsDB established the CGS, a new unit within the Office of the Director General, General Counsel to oversee the rollout of the ICF over the past 3 years. Several platforms have been developed to improve controls, transparency in operations, efficiency and effectiveness in the delivery of services. C H A N G I N G O R G A N I S A T I O N A L S T R U C T U R E The ICF works with the BED, Management and staff to facilitate the operationalisation of the new business model [ 185 ] T H E R O A D T O T H E S D G s | P R O G R E S S A N D A C H I E V E M E N T S