Terms
of Reference
1. To advise the Executive and Council on
all matters of finance and investment.
2. To consider the long-term financial
health of the society and to propose to Council policies regarding the
raising of revenue including charitable donations, priorities for expenditures,
contributions to the reserve fund and the making of investments.
Mode of Operation: The Committee
will normally work and meet by e-mail and will hold at least three teleconferences
per year. It may also appoint ad hoc working or study groups as required.
Membership and Terms of Office:
The committee shall consist of the President, Treasurer, two previous Treasurers,
Director of Publications, a Chair appointed by Council and such other members
that may be appointed by the Council from time to time as the need dictates.
The Chair and other members appointed by Council shall serve for three
year terms.
Committee Level: This is a Council-appointed
Committee.
Report: The Committee will produce
an annual report in accordance with Appendix III to the By-Laws.
Core Activities
1. To review proposed budgets, periodic
financial reports including the audited annual statements and the investment
portfolio and to provide advice thereon to the Treasurer and Executive.
2. To propose financial and investment
policies to the Executive and Council in consideration of short and long
term risks to the financial health of the Society.
3. To act as an advisory group to the Executive
and Council on all financial and investment matters as required and requested.
Approved by CMOS Council: December
13, 2005 |
