WCRB COMMITTEES GOVERNING BOARD • The WCRB Governing Board is given complete charge and management of the affairs of the Bureau under the authority of Article VII of the Bureau By Laws. The Governing Board consists of five stock and five non stock insurer representatives elected by members of the Bureau; and two employer representatives appointed by the Governor. RATING • The Rating Committee is empowered on behalf of the Bureau to interpret and apply the rules governing the classification and rating of all Workers Compensation and Employers' Liability risks in Wisconsin. It recommends appropriate rules, regulations, classifications, rates, and rating plans to the Governing Board. The Rating Committee consists of four stock and four non stock insurer representatives elected by members of the Bureau, and two employer representatives appointed by the Governor. ACTUARIAL • The Actuarial Committee ensures the selected Wisconsin ratemaking methodology, trends, expense provisions, etc., result in rate accuracy and integrity. The Actuarial Committee consists of four stock and four non stock insurers selected by the Rating Committee. INVESTMENT • The Investment Committee provides general oversight and direction on matters pertaining to Investment Advisor performance and appropriateness of investment guidelines to ensure stability of the WWCIP Pool Fund Surplus. The Investment Committee consists of two stock and two non stock insurers selected by the Governing Board. AUDIT • The Audit Committee determines the scope of annual WCRB and WWCIP financial and operational audits, and reviews the audit reports with WCRB management and the external auditors. The results are reported annually directly to the Governing Board in Executive Session. The Audit Committee is comprised of CPAs from three member companies.