Independent Review Committee

Independent Review Inc. (“IRI”) assists fund managers set up their Fund’s Independent Review Committee (“IRC”) to meet the initial and ongoing obligations under National Instrument 81-107.

IRI offers corporate governance solutions and best practices to funds’ independent review committees. IRI has been the leader in this field since 2006.

Investment fund clients outsource their entire IRC operation to us. This turn-key service includes all services and reporting requirements under the National Instrument. IRI works with managers to meet all annual requirements, to manage ad hoc referrals and to provide guidance on relationships with regulators. We strive to help managers and IRC members develop strong reporting policies and procedures.

We work with investment funds large and small, from start ups to fund families with several billion dollars under management.

Services offered:

  • Full-service secretariat
  • Creating and managing all aspects of Outsourced Independent Review Committees
  • Managing Conflict of Interest Referrals including the supporting memorandum and materials to support the proposed course of action
  • Draft Annual Reports to Unitholders
  • Draft Annual Reports to the Board of Directors of the Funds
  • Arrange for translation of Annual Reports
  • Develop Committee Charters
  • Draft Conflict of Interest Manual from the manager’s Policies and Procedures
  • Draft Standing Instructions
  • Contracts of Service and Indemnity between the IRC/IRP and the Manager
  • Maintain term limits and conduct succession planning
  • Organize Annual Self-Assessment Meetings, Questionnaires and other requirements.
  • Provide continuing education seminars
  • Publish topical practice notes to keep our clients and IRC/IRP members up to date with current trends