Sahamati Governance Design Principles

Aimed at balancing all members’ voices &
opinions, this is how the Sahamati governance structure works

All members meet annually

All members are invited for an Annual Members Conference and also attend the Annual General Meeting (AGM) during the time.

Representatives in Governing Council

Each Steering Committee nominates an “expert” member to the Sahamati Governing Council (GC) as a representative of their voice.

Helped by Expert Advisory Council

The GC is assisted by a separate Expert Advisory Council consisting of 3-5 subject matter experts from different sectors.

Become part of Steering Committees

All members are invited to join Steering Committees, as applicable to their type of business. This currently includes the following 7 committees – Banks, NBFCs, AAs, TSPs, RIAs/Securities, Insurance, Pension Funds.

Come together to share expertise

The GC consists of member-nominees and industry experts, endorsed by Steering Committee Chairs. GC members are appointed by invitation from the Sahamati Board.

Sahamati Governance Structure

Governing Council Composition

The Governing Council (GC) is responsible for all decisions that influence the fulfillment of members’ needs. It consists of industry experts, nominees from steering committees, Sahamati CEO and a public interest director.

All members have a minimum tenure of 12 months.

Steering Committee Nominee

The focus of the Sahamati AA alliance is to serve the needs of all its members, regardless of size, business, role or patronage to the alliance.

Industry Expert

Sahamati governance is influenced by considerations of member’s voice, representation and expertise.

Public Interest Director Technology Architecture

Sahamati’s funding needs are met by membership fees and sponsorships, with members acting as ‘owners’ of the alliance.

Advisory Council Composition

The advisory council consists of 3-5 subject matter experts invited by the Sahamati board or the Governing Council.

Regulation & Compliance

An expert in the field of financial sector regulations, typically having served in a senior regulatory role

Legal & Governance

An expert in the area of law, governance and policy-making, particularly techno-legal frameworks and privacy

Technology Architecture

An expert in the area of large-scale technology architecture, with deep expertise in Indian and Global markets

Sahamati’s Charter

Promote the AA ecosystem amongst citizens & institutions

Operate a framework for smooth grievance redressal of all customer complaints

Publish participation terms and codes of conduct for our members.

Educate customers and participants about all aspects (technical, legal, business) of the AA ecosystem

Promote interoperability, security and user experience standards amongst our members.

Publish Research and Whitepapers

Offer common public infrastructure needed for interoperability and a common understanding of ecosystem status

Offer a platform for participants to present a common voice to policymakers