Governance

M-RETS Program Organization

M-RETS Stakeholder Process

M-RETS Administrator has ultimate responsibility for preparation, amendment, compilation and interpretation of all Operating Procedures, functional design documents and similar documents related to the design and operation of M-RETS
Need for balance between input from market participants and government agencies and independence of M-RETS Administrator
Starting point for Operating Procedures is draft Operating Procedures dated October 26, 2006
Amendments to Operating Procedures will be based on consultation with Advisory Groups
The M-RETS Governing Board and the M-RETS Subscriber Group will provide input and advice on M-RETS design and Operating Procedures. M-RETS Administrator will work cooperatively with both Advisory Groups to maximize their input while safeguarding independence of M-RETS Administrator
M-RETS Governing Board will establish its own bylaws and governance structure.
M-RETS Subscriber Group is open to every M-RETS Account Holder, although Account Holders are not required to belong to M-RETS Subscriber Group
- Prior to commencement of M-RETS operation, M-RETS Subscriber Group will be populated by potential account holders identified by the M-RETS Governing Board
- Upon commencement of M-RETS operation, any member of M-RETS Subscriber Group that has not become account holder will no longer be member of M-RETS Subscriber Group
- Primary objective of M-RETS Subscriber Group will be to provide M-RETS Administrator with real-world market-based input on the functionality and operation of M-RETS
- Each account holder may designate one member and one alternate for M-RETS Subscriber Group
- M-RETS Subscriber Group will select Chair and Vice-Chair from among its members, each of which will serve one-year term
- The Midwest ISO may also have a role in M-RETS Subscriber Group, if it so desires
Each Advisory Group will meet with M-RETS Administrator on monthly basis prior to commencement of operations of M-RETS and on quarterly basis after commencement of operations of M-RETS
Meetings will initially be in person (with teleconference availability) in Madison, Milwaukee, Minneapolis or another city in M-RETS area that provides reasonable access for members of each Advisory Group and M-RETS Administrator. After initial meetings, Chair of each Advisory Group will determine whether meetings will be held in person and/or by webinar/teleconference
Meetings with Advisory Groups will be on same day, when possible, and on adjacent days, when same-day meetings are not possible