The Board of Directors is responsible for the overall governance of the organization including the formulation of a long-range strategic plan. It also has the final authority regarding the operations of the IAHF, consistent with the Bylaws. Specifically, it has responsibility for the control and management of the affairs, funds, and property of the IAHF, including but not limited to, approval of the budget and other fiscal matters, approval of strategic and operational policies, oversight of risk management, delegation of the implementation of operational policy and employment to the Executive Director and annual evaluation of the Executive Director. The Board will also review Bylaws and make recommendations for discussion and approval by the General Assembly. To fulfill its responsibilities, the Board may create and dissolve committees of the Board and other more informal working groups as it deems necessary. The members of the Board shall serve without compensation.