Performance Assurance Board (PAB)
The PAB conducts and administers activities to provide assurance that all participants in the BSC arrangements are suitably qualified and that the relevant standards are maintained.
The PAB is appointed by, and reports to the BSC Panel. The PAB is responsible for the following Performance Assurance Techniques : SVA Qualification, Technical Assurance, operational audit, Liquidated Damages and Peer Comparison. The PAB may also recommend a BSC Modification or Change Proposal to the BSC Panel relating to issues that arise from its work.
PAB Meetings are held in open session where the business discussed is non-confidential. Items relating to confidential or commercially sensitive issues will be held in closed session.