To actively promote, support, and foster business and career opportunities for women in compliance in Gibraltar, serving as a dedicated platform that attracts, equips, trains, and upskills current and future female professionals, ensuring they have the tools and network to excel and lead within the industry.

The GWIC subcommittee is established by the Gibraltar Association of Compliance Officers (GACO) Executive Committee to focus specifically on the professional advancement and empowerment of women within the compliance sector in Gibraltar.

GWIC shall pursue the following core objectives:

• Opportunity Promotion: Identify, facilitate, and actively promote new business and career opportunities for women working in the compliance field.
• Talent Attraction: Develop and execute initiatives to attract young women and those looking for a career change into the compliance profession.
• Professional Development: Organise and deliver training, workshops, and educational programmes designed to equip, train, and upskill women at all stages of their compliance careers.
• Networking and Mentorship: Create and sustain a supportive network and mentorship programme to facilitate peer-to-peer support, knowledge sharing, and senior guidance.
• Advocacy and Leadership: Advocate for policies and practices within the industry and at a regulatory level that support gender equality, career progression, and the appointment of women to leadership roles.
• Research and Reporting: Conduct and publish research or surveys on the status of women in compliance in Gibraltar to inform strategic initiatives and measure progress.

3.1. Composition

• GWIC shall be composed of a minimum of three GACO members, including at least one representative from the GACO Executive Committee, who shall serve as the primary liaison.
• Members should possess relevant experience, a passion for the GWIC mission, and the capacity to dedicate time to subcommittee activities.

3.2. Appointment

• Subcommittee members shall be appointed by the GACO Executive Committee, typically for a two-year term, subject to review and reappointment.
• The Committee shall appoint a Chairperson and may appoint a Vice-Chairperson and Secretary from its members.

3.3. Accountability

• The GWIC Chairperson is directly accountable to the GACO Executive Committee.

4.1. Frequency

• The subcommittee shall meet no less than four times per year (quarterly), and more frequently as deemed necessary by the Chairperson or at the request of the GACO Executive Committee.

4.2. Quorum

• A quorum for meetings shall be 50% of the appointed members plus one.

4.3. Reporting

• The Secretary (or designated member) shall prepare and circulate minutes of all meetings to GWIC members and the GACO Executive Committee within two weeks of the meeting date.
• GWIC shall present a written update and financial report to the GACO Executive Committee at least quarterly, summarising activities, achievements against objectives, and plans for the next period.
• An Annual Report detailing the year's activities and future strategy must be submitted to the GACO Executive Committee.

5.1. Authority

• GWIC is authorised to plan, develop, and execute initiatives and events that align with its main objectives, subject to the overall strategy and financial approval of the GACO Executive Committee.
• GWIC must not make public statements or commitments on behalf of GACO without the express prior approval of the GACO Executive Committee.

5.2. Budget

• GWIC shall submit a proposed annual budget to the GACO Executive Committee for approval.
• All expenditure must be managed in accordance with the approved budget and GACO’s financial policies.
• Major unbudgeted expenditure requires specific approval from the GACO Executive Committee.

• These Terms of Reference shall be formally reviewed by the GWIC and the GACO Executive Committee at least biennially (every two years).
• Any amendments to these ToR must be formally approved by the GACO Executive Committee.