b'WCRB Boards and CommitteesGoverning 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 Bylaws. The Governing Board consists of ve stock and ve non-stock insurer representatives elected by the members of the Bureau, and two employer representatives elected by the Governor.Rating Committee The Rating Committee is empowered on behalf of the Bureau to interpret and apply the rules governing the classication and rating Workers Compensation risks in Wisconsin. It recommends appropriate rules, regulations, classication, rates, and rating plans to the Governing Board. The Rating Committee consists of ve stock and ve non-stock insurer representatives selected by members of the Bureau, and two employer representatives appointed by the Governor.Actuarial Committee 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 CommitteeInvestment Committee The investment committee provides general oversite and direction on matters pertaining to Investment Advisor performance and appropriateness of investment guidelines to ensure the stability of the WWCIP Pool Fund Surplus. The Investment Committee consists of two stock and two non-stock insurers selected by the Governing Board.The Audit Committee The Audit Committee determines the scope of annual WCCRB and WWCIP nancial and operational audits and reviews the audit reports with WCRB management and the external auditors. The Audit Committee is comprised of CPAs from three member companies. 18'