The Executive Board is charged with responsibility for operational policies, guidelines and strategies. The Executive Board meets ordinarily four times a year and is composed of experts in the field of capacity building in areas within ACBF's mandate. The ACBF Executive Board is made up of 12 members: three representatives of the sponsoring agencies and nine independent members. The Executive Secretary is an ex-officio member of the Executive Board. The Executive Board operates with the support of three committees: Operations Committee, Finance and Human Resources Committee, and Audit and Risk Committee. The Operations Committee examines and provides guidance on projects, programs, knowledge management and other operational policy matters. The Finance and Human Resources Committee examines financial and human resources matters while the Audit and Risk Committee ensures that the Foundation's risk management tools are up to date at any given time.