The functions of the RMA can be roughly divided into (i) policy function, and (ii) its execution. Thus, the organizational structure of the RMA includes a policy making organ, i.e. the Board of Directors, and an executive organ, i.e. the management.
Board of Directors
In terms of the RMA Act, all powers of the RMA are vested in its Board of Directors which is responsible for the policy as well as the general administration of the organization. The Board of Directors presently consists of seven members, including the Managing Director. The Finance Minister is the Chairman of the Board, and in his absence, meetings are chaired by one of the senior Directors.
Management
The Managing Director is the chief executive officer of the RMA in charge of, and responsible to the Board of Directors for the implementation of policy, and day-to-day management of the RMA. He is assisted by a Deputy Managing Director. Senior officers are appointed by the Board of Directors, and junior support staff by the Managing Director. Except for the Managing Director and the Deputy Managing Director, who are seconded from the Royal Civil Service, none of the other employees are civil servants, and the terms and conditions of their employment are governed by rules and regulations framed by the Board of Directors.
At present the RMA does not have any branch offices and thus, except for two staff members, who are responsible for looking after the operations of the Clearing House in Phuntsholing, all staff are located at the Head Office in Thimphu. The RMA presently has around 127 employees including contract Personnel and wage workers (as of 2003 PIS record). The Organisation Structure of the RMA consists of eleven divisions as follows:
