Leadership Council
Annual Council Subscription for Global Nexus Execution & Settlement Governance
The Global Risks Alliance (GRA) is establishing a high-trust Leadership Council of senior leaders who steward the execution, settlement, and market architecture of the Nexus Ecosystem.
Annual Council Subscription at three levels—Affiliate, Fellow, Patron—automatically renews within a 3-year term.
Council Members form the primary leadership pool for national, regional, and global roles across GRA and, where relevant, across the broader Nexus architecture.
Council Membership is not a Board seat but is the standard pathway to be considered for Board, Chair, and committee roles.
Fit-and-proper, KYC, screening, and conflict reviews keep execution and settlement governance credible, independent, and regulator-ready.
A global network links leaders across sovereign finance, capital markets, risk carriers, infrastructure, technology, and civil society to shape how risk is priced, bound, serviced, and settled.
Payment triggers KYC and screening. If an application is not accepted, the Council Subscription is refunded less documented third-party verification and processing costs, per the refund policy below.
Annual subscription · Automatically renews within a 3-year term
At a Glance
Role: Vetted Leadership Council for the Nexus execution and settlement stack, stewarding GRA’s side of the rail.
Term: 3-year Council term, maintained through automatic annual renewal while in good standing.
Levels: Affiliate, Fellow, Patron (annual subscription that automatically renews within a 3-year term).
Time: Typically 3–12 days per year (meetings, preparation, and occasional working groups).
Pathway: Council → standard leadership pool for Boards / Chairs / committees (no guarantees).
Nature: An annual governance subscription (automatically renewing within a 3-year term) that funds KYC, screening, legal, and Secretariat functions; it does not confer commercial rights, ownership, profit participation, or any guaranteed role.
This page summarises Council participation. If there is any inconsistency between this summary and GRA’s bylaws or Council policies, the bylaws and policies govern.
What is the GRA Leadership Council?
The Global Risks Alliance (GRA) Leadership Council is a vetted community of senior leaders who help govern how the Nexus Ecosystem’s execution, settlement, and risk-transfer infrastructure is designed, deployed, and overseen.
Within the Nexus “one rail, four pillars” design:
- GCRI stewards evidence, models, and indices
- GRF stewards standards, assurance, and registries
- GRA stewards market and regulatory architecture, execution, and settlement
- NSF stewards protocol, ledger, and smart licensing
GRA’s mandate covers how risk is priced, bound, serviced, and settled—including facilities, term sheets, escrow mechanics, payout clocks, and ISO 20022 telemetry into financial systems. The Council:
- Brings together leaders from sovereign finance, capital markets, insurance and reinsurance, infrastructure operators, supervisors and central banks, technology, and civil society
- Provides a trusted talent bench for governance roles across GRA and, where appropriate, across other Nexus entities
- Helps ensure that GRA’s facilities, shelves, and platforms remain independent, auditable, and fit for sovereign, supervisory, and market use
Council Members:
- Participate in strategic discussions, design reviews, and advisory sessions on facilities, products, and execution architecture
- May be nominated or elected into Boards, national / regional / thematic Chair roles, and committees
- Support GRA’s mission to operate as a mission-locked, international public-interest alliance for disaster risk financing, climate and systemic risk execution, and capital flows on the Nexus rail
Council Membership, Board Roles & Corporate Membership
Council Membership is Not a Board Seat or Corporate Membership
It is important to distinguish Council Membership from formal Board roles and from statutory corporate membership under applicable non-profit law.
Council Membership:
- Does not automatically appoint you to any Board, statutory body, or Chair position
- Places you in the vetted leadership pool from which candidates for governance roles are normally identified
- Makes you eligible to be considered for national, regional, and thematic Chair / Co-Chair roles; Board and committee roles for GRA; and proposed new governance capacities as the Nexus Ecosystem evolves
Appointments to Boards, Chairs, and official committees:
- Are handled through separate, formal nomination and selection processes
- Are subject to fit-and-proper review, conflict-of-interest checks, and bylaws
- Remain merit-based and oriented to the needs, independence, and risk-management obligations of the institution
Corporate membership status
Council Members are governance participants, not statutory corporate members or owners.
They do not have the legal rights of statutory “members” of the GRA corporation under applicable non-profit corporate law (for example, voting at members’ meetings), unless they separately hold that status under GRA’s bylaws.
In short:
The GRA Leadership Council is the gateway and preferred pathway into governance roles—not a guarantee of any specific office, and not a corporate ownership position.
Why the Council Exists & How It Fits the Nexus
The Nexus Ecosystem is being built as a global rail for risk, resilience, and innovation, with a clear separation between:
Public-interest institutions
GCRI (evidence), GRF (standards & assurance), GRA (execution & settlement), NSF (protocol & ledger).
Enterprise delivery entities
Regulated businesses and implementation partners responsible for running facilities, products, and services on top of the rail.
Within this architecture, GRA is the steward of the execution rail and capital plumbing. The Council exists to:
Provide a stable, high-trust governance base for GRA’s work across multiple countries, regions, and market segments
Help ensure that sovereigns, markets, and communities can rely on GRA-enabled facilities, contracts, and flows as bankable, enforceable, and settlement-relevant
Supply a diverse, global leadership pool from which Nexus execution and settlement governance roles are filled
Guard against capture, conflicts of interest, and narrow commercial influence by embedding decisions in a multi-stakeholder community that includes public finance, supervisors, private risk carriers, infrastructure operators, and civil society
By joining the Leadership Council, you step into the governance core of how Nexus turns evidence into structured risk programs and money-in-motion.
Who Should Apply?
We invite applications from individuals who bring significant experience in one or more of the following:
- Public finance, sovereign debt, or treasury management
- Financial supervision, prudential policy, or market regulation
- Insurance, reinsurance, brokerage, or structured risk transfer
- Capital markets, ESG, blended finance, or impact investing
- Critical infrastructure and utilities (energy, water, transport, digital, health)
- Technology, data, or cybersecurity in regulated or critical environments
- Science, research, or innovation relating to risk, finance, climate, or resilience
- Civil society, community leadership, or Indigenous governance with a focus on fiscal justice, climate justice, or resilience
And who can dedicate time and attention to governance work, operate at the interface of sovereigns, markets, and communities, meet fit-and-proper / KYC requirements, and align with the mission and Charter of GRA, GRF, GCRI, NSF, and the Nexus Ecosystem.
Examples include ministers of finance, treasury officials, central bankers, or regulators; senior executives or board members in risk and finance; respected leaders in civil society or Indigenous governance working on debt, risk, and resilience; and technology or cybersecurity leaders overseeing critical financial or infrastructure systems.
Inclusion and access: In limited cases—especially for community, Indigenous, and under-resourced leaders or early-stage countries—GRA may reduce or waive the Council Subscription or arrange third-party sponsorship, subject to available support and governance needs.
Three Council Subscription Levels – 3-Year Term with Automatic Renewal
Leadership Council participation is structured as an annual Council Subscription that automatically renews within a 3-year term, offered at three levels:
- Affiliate – National Council Member (annual subscription, automatically renews within a 3-year term)
- Fellow – Regional Council Member (annual subscription, automatically renews within a 3-year term)
- Patron – Global Council Member (annual subscription, automatically renews within a 3-year term)
Important: This is an annual governance subscription that automatically renews within a 3-year term and funds KYC, screening, legal and Secretariat functions; it does not confer commercial rights, ownership, profit participation, or guaranteed roles. The subscription renews each year to maintain your 3-year Council term and good standing.
| Level | Scope of Engagement | Typical Focus |
|---|---|---|
| Affiliate | National / City | National working groups & advisory roles |
| Fellow | Regional / Multi-country | Regional hubs, steering committees, hub boards |
| Patron | Global / Cross-regional | Global boards, cross-regional committees |
The subscription is an annual payment that automatically renews within a 3-year governance term. Payment is automatically processed each year to maintain your Council Membership and good standing.
Affiliate – National Council Member
Affiliate – National Council Member (annual subscription, automatically renews within a 3-year term)
Scope
Focused on one country or city where GRA and the Nexus rail are active or being established.
Ideal for
Senior practitioners, technical experts, and emerging leaders who want to ground Nexus execution and settlement in national realities—budget processes, regulatory frameworks, infrastructure constraints, and community needs.
As an Affiliate, you will:
- Join the national GRA Council pool in your country
- Contribute to national working groups, task forces, and advisory panels on facilities, programs, and execution practices
- Be eligible to be considered for national Chair, Co-Chair, or committee roles, subject to formal processes
- Access Council meetings, digital platforms, and governance resources relevant to your national context
Fellow – Regional Council Member
Fellow – Regional Council Member (annual subscription, automatically renews within a 3-year term)
Scope
Active across a regional hub (e.g. Africa, APAC, Europe, MENA, North America, South America), often spanning multiple countries and facilities.
Ideal for
Regional leaders in multilateral or regional organisations, cross-border institutions, and private-sector or civil-society networks with a regional mandate over risk, finance, infrastructure, or resilience.
As a Fellow, you will:
- Join the regional GRA Council pool for your hub
- Participate in regional steering groups and cross-country initiatives that shape regional Nexus shelves and facilities
- Be eligible to be considered for regional Chair / Co-Chair roles and hub boards, subject to appointment processes
- Access Council-level events, regional convenings, and shared collaboration platforms used for regional governance and execution
Patron – Global Council Member
Patron – Global Council Member (annual subscription, automatically renews within a 3-year term)
Scope
Engagement at the global architecture level, often spanning multiple regions, instruments, and asset classes.
Ideal for
Highly experienced global leaders from governments, multilaterals, multilateral development banks, systemically important institutions, global science and think tanks, philanthropy, or civil society.
As a Patron, you will:
- Join the global GRA Council pool with visibility across multiple regions, shelves, and Nexus entities
- Be considered, where appropriate, for global boards and cross-regional governance committees, subject to nomination and independence requirements
- Be invited to global Council briefings, strategic retreats, and high-level dialogues on Nexus execution, risk transfer, and capital architecture
- Act as a champion and steward for the Nexus execution and settlement architecture
Subscription level reflects scope of engagement and ability to support governance infrastructure. It does not guarantee or predetermine the seniority of any governance role you may hold.
What Your Council Subscription Covers
A Governance Subscription, Not a Pay-to-Play Membership
Your Council Subscription is not a commercial membership fee and does not buy influence. It is a governance subscription that funds the core infrastructure needed for a credible, multi-jurisdictional execution and settlement system.
A. Use of Funds
- KYC and screening (identity verification, sanctions and PEP screening, adverse media checks, conflict-of-interest review and documentation)
- Legal and compliance backbone (Charters, bylaws, governance schedules, codes of conduct, conflict-of-interest and ethics frameworks, legal opinions, regulatory alignment)
- Secretariat and governance support (professional Secretariat staff, agendas, minutes, governance training, induction materials, secure collaboration tools)
- Audit, oversight, and quality assurance (periodic governance reviews, process audits, monitoring adherence to standards, external auditor reviews)
- Resilience of financial plumbing (escrow mechanics, payout clocks, ISO 20022 telemetry, and secure reconciliation of Nexus-linked flows)
- Transparency and reporting (governance dashboards, disclosures, and member communications that keep the rail auditable)
B. Access and Tools During Your Term
- Access to Council-only meetings, briefings, and consultations (virtual and selected in-person)
- Access to digital platforms and secure collaboration environments used for Council work
- Access to governance resources—working papers, shelf documentation, draft term sheets, and program insights needed to exercise your role
- Eligibility to be considered for national, regional, and thematic Chair / Co-Chair roles, Board and committee positions across GRA and, where relevant, across other Nexus entities
- Structured onboarding and induction pathways, including welcome materials, role clarity, and briefing packs tailored to your level
- Secure data rooms and collaboration environments for term sheets, program design, and settlement oversight
These are tools to discharge governance duties, not private perks.
Your Role, Rights & Responsibilities
Your Role
As a GRA Council Member, you are part of the vetted leadership community that underpins GRA’s governance—a strategic advisor and steward, and a potential candidate for formal governance offices across the Nexus execution and settlement stack, subject to needs and process.
Your Rights
- Participate in Council meetings, consultations, and working groups consistent with your subscription level
- Receive relevant information and documentation in a timely manner
- Be nominated or considered for formal governance roles, as needs, merit, and independence requirements allow
- Raise concerns about governance, integrity, or mission drift, and expect them to be duly considered
- Receive periodic reporting on GRA’s activities, program integrity, and Nexus-wide developments relevant to execution and settlement
- Request guidance on conflicts, recusals, and independence safeguards to remain in good standing
Your Responsibilities
- Act in the best interests of GRA’s mission, the Nexus Charter, and affected countries and communities when discharging Council functions
- Comply with codes of conduct, confidentiality obligations, and conflict-of-interest rules
- Disclose any actual or potential conflicts promptly and fully
- Prepare for and contribute constructively to meetings and consultations
- Maintain the confidentiality and security of information accessed in your Council capacity
Time Commitment: Affiliate: ~3–6 days per year; Fellow: ~6–10 days per year; Patron: ~8–12 days per year (meeting time, preparation, reading, and occasional ad hoc input). Any formal Board or Chair appointment, if applicable, will set out a separate, explicit time-commitment statement.
Eligibility & Fit-and-Proper Criteria
To preserve the integrity and credibility of the GRA Leadership Council, each applicant must meet professional and ethical standards appropriate for high-level execution and settlement governance roles, demonstrate a track record of integrity, judgement, and responsible leadership, and successfully complete fit-and-proper assessments including identity verification, sanctions and PEP screening, adverse media screening, and conflict-of-interest disclosure and review.
Applicants must confirm adherence to the GRA Code of Conduct, Conflict-of-Interest Policy, and Data & Confidentiality Policy, and accept that certain combinations of roles may be incompatible and may require recusal or non-appointment to specific matters.
Scholarships & Waivers: In limited cases—especially for applicants from lower-income contexts, community-based organisations, or early-stage countries—GRA may consider partial waivers or third-party sponsorships, subject to available support and governance needs. GRA reserves the right to decline or terminate Council Membership where eligibility criteria are not met or maintained.
How to Apply – Step-by-Step
Complete Secure Checkout & Basic Application
Select your Council level (Affiliate, Fellow, or Patron) and complete secure checkout. You will receive a link to submit your short application form (CV / biography + statement of interest).
Initial Alignment Review
GRA reviews your profile against current and anticipated Council needs, including balance of sectors, geography, and expertise.
KYC, Screening, and Conflict Review
Identity and sanctions checks; PEP and adverse media screening; completion and review of your conflict-of-interest declaration.
Governance Conversation
A structured discussion with a governance lead to align expectations, time commitment, and potential areas of contribution.
Decision & Confirmation
Written confirmation of acceptance and Council level, or a respectful decline. If not accepted, GRA refunds your Council Subscription in line with the refund policy.
Onboarding & Induction
Access to welcome materials, policies, and induction sessions. Inclusion into relevant national, regional, or global Council pools and collaboration platforms.
Term, Renewal, Level Changes, and Exit
Council Membership operates on a 3-year term maintained via automatic annual renewal while you remain in good standing. Level changes or exits are handled through the same governance and compliance lens as entry, ensuring continuity, integrity, and fair application of policies.
Refund & Cancellation Policy: Payment triggers KYC and screening. If, after screening, your application is not accepted, GRA refunds your Council Subscription less documented third-party verification and processing costs.
Data Protection & Confidentiality: Council Members commit to the GRA Data & Confidentiality Policy. All shared materials and collaboration tools are governed by secure-access standards suitable for sovereign, supervisory, and market use.
Key FAQs: This page summarises Council participation. If there is any inconsistency between this summary and GRA’s bylaws or Council policies, the bylaws and policies govern.
FAQs
No. Council Membership is the preferred pathway and vetted pool, but all appointments follow separate, merit-based processes with fit-and-proper review.
GRA refunds your Council Subscription less documented third-party verification and processing costs, consistent with the refund policy.
No. It is a governance subscription that funds screening, legal, compliance, and Secretariat functions to keep the system credible and independent.
In limited cases—especially for community, Indigenous, and under-resourced leaders or early-stage countries—GRA may reduce or waive the subscription or arrange third-party sponsorship.
Ready to Apply?
Complete secure checkout for your chosen Council level to begin the application process.
Payment triggers KYC and screening. If an application is not accepted, GRA refunds your Council Subscription less documented third-party verification and processing costs.
Annual subscription · Automatically renews for 3-year term