| 1. |
To be responsible for the management of the Restructuring and Insolvency Faculty (RIF). |
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| 2. |
To undertake technical work in areas of restructuring and insolvency, including making representations to the government, relevant industry regulators, and other bodies and authorities, on behalf of the membership of the RIF. |
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| 3. |
To promote standards in the sector through the development of guidance and statements of best practice and ethics. |
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| 4. |
To liaise with regulators, relevant government agencies, professional bodies and other persons, as appropriate, on matters affecting the restructuring and insolvency sector, within the remit of the RIF, with a view to, inter alia, promoting good relations between the RIF and other participants in the sector. |
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| 5. |
To develop and maintain contacts with other committees and sectoral groups within the Institute, and relevant outside parties and, where appropriate, undertake joint action on matters of common interest and concern. |
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| 6. |
To provide a forum to enable restructuring and insolvency practitioners to exchange views and discuss matters of common interest and concern, and to promote membership of the RIF and the role and standing of the restructuring and insolvency profession. |
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| 7. |
To provide professional education and training in the form of, for example, seminars, conferences, etc. in areas which are of interest and relevance to RIF members and the restructuring and insolvency profession. |
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| 8. |
To provide advice to the Institute, when requested, on the development of more intensive insolvency training courses and specialist accreditations. |
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| 9. |
To develop strategic and operational plans and budgets and report periodically to the Institute's Executive Committee. The chairman will generally be asked to present a report to Council annually. |
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| 10. |
On behalf of the Institute, to participate in and liaise with INSOL (the International Association of Restructuring, Insolvency & Bankruptcy Professionals). |
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| 11. |
To liaise with insolvency-related bodies and authorities in the Mainland, as appropriate, with a view to facilitating cross-border insolvency work. |
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| 12. |
To perform such other functions as may be necessary to implement the objectives of the RIF. |
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