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Bringing experience and knowledge to the ongoing strength and effectiveness of the CHS

| 26/08/2024

PREAMBLE

In our special series of articles on the numerous committees our volunteers sit on, it is our pleasure to now present you the Finance and Administration Committee (affectionately referred to as Finance and Admin Committee).

FINANCE AND ADMINISTRATION COMMITTEE

The Finance and Administration Committee makes policy recommendations to the board of directors on oversight of finances, human resources and risk management.

The Finance and Admin Committee makes recommendations to the board on the following dimensions of the CHS’ activities:

  • Financial reporting and annual audit;
  • All CHS investments policy reviews and strategies;
  • Organizational risk management;
  • Information technology and related social media application policy areas;
  • Asset management;
  • Human resources policies;
  • Compliance obligations;
  • Other tasks as may be assigned by the board;
  • Reports are provided to the board of directors after each Finance and Administration Committee meeting.

The members of the committee are appointed by the board of directors and include, at a minimum, the treasurer, and four additional individuals with knowledge and interest in the affairs of the CHS. All committee members must demonstrate knowledge in finance, human resources or risk management.

The term of appointment for members is two years and members are eligible for reappointment for two additional two-year terms. After six years on the committee, a member is eligible for reappointment after stepping down for a two-year term. Reappointment decisions take into consideration past participation and contributions and is not automatic.

Current members of the Finance and Administration Committee are:

I agreed to sit on the Finance and Admin Committee because I was coming into the CHS to fill the treasurer’s position. It was important for me to bring the board perspective to the committee and report back to the board on the discussions and activities of the committee.

Bringing my accounting knowledge and experience has benefitted the committee and, I believe, CHS staff as well. Also my past experience with not-for-profit organizations, both professionally and as a volunteer, has been useful to the CHS.

The Finance and Admin Committee oversees not only the finances of the CHS but also makes recommendations to the board on a number of other activities including risk management, investments and human resources policies. So the work of the committee is varied and is important to the ongoing strength and effectiveness of the CHS. – DOUG CARR