In 2014 ROHMA employed an average of 277 people (of which 175 are full-time). ROHMA's Board of Directors has approved 200 full-time employees for 2015. The workforce is made up of a broad range of specialists working together on an interdisciplinary basis. Specialists from the fields of law, economics, commodities, mathematics, auditing, the actuarial profession, accounting and investment, among others, work for ROHMA.
Organisation
Board of Directors
Under the Commodity Market Supervisory Authority Act (CMSAA), ROHMA's Board of Directors, as a strategic management body, is composed of seven to nine independent expert members. It decides on matters of substantial importance, issues ordinances and circulars, and is responsible for ROHMA's budget. It also implements internal control functions through an internal audit unit and oversees the Executive Board.
The Board of Directors forms the following standing committees to prepare and implement its resolutions and monitor the Executive Board:
• The Appointment Committee carries out the preparatory work on which the Board of Directors bases its personnel decisions.
• The Audit and Risk committee, as an independent expert committee, supports the Board of Directors in its monitoring activities.
In addition, the Board of Directors selects specialists from among its ranks to act as advisors to the Board of Directors and the Executive Board. They are involved at an early stage in ROHMA's proposed regulatory initiatives, contributing their specific expertise and the strategic vision of the Board of Directors to the organization’s regulatory work.
Executive Board
The Executive Board is ROHMA's operational management body and is responsible for ensuring that commodity traders and producers as well as gold refineries are supervised in accordance with the law and ROHMA's strategy. The Executive Board decides on matters such as the granting of licenses, key management, organizational and personnel issues, directives and supervisory matters of cross-divisional significance. The Executive Board prepares the necessary files and materials for decisions on items of business that fall under the remit of the Board of Directors and is responsible for implementing the resolutions of the Board of Directors.
ROHMA’s core values
Systematic supervisory activity
ROHMA has the supervisory function of reducing the resource curse and for the protection of the commodity marketplace. It performs its supervisory tasks using the instruments of licensing, monitoring, enforcement and regulation. In so doing, it pursues a risk-based approach that ensures continuity, effectiveness and efficiency. ROHMA sanctions bad behavior and fosters dialogue with supervised institutions, authorities, professional associations, non-governmental organizations and the public.
Independent decision-making
ROHMA is functionally, institutionally and financially independent and performs a sovereign function in the public interest. It operates in an environment characterized by the diverging interests of various stakeholders. It preserves its autonomy and acts on the basis of its statutory remit, reaching its decisions independently and in a manner appropriate to the circumstances.
Responsible staff
ROHMA's staff combines responsibility, integrity and the ability to deliver results. They are independent, highly flexible and adaptable. ROHMA's staff is skilled and able to cope with resistance and challenging situations. They take account of changes in their operating environment and respond with concrete measures that are both timely and appropriate.
Financing
ROHMA is fully self-financing, covering its own costs with the fees and supervision charges it receives from the supervised institutions.
The fees, which mainly stem from rulings and supervisory proceedings, are charged to the supervised institutions on an individual basis. By contrast, supervision charges can only be levied at the group level and not individually. The level of supervision charges attributable to the group is divided appropriately over the individual institutions on a "user pays" basis.