TERMS OF REFERENCE (2012/2013)
Purpose of the Committee
The Finance Committee is a Board Statutory Committee established pursuant to Section 11 of By-law No. 11. The purpose of the committee is to advise the Board on financial policies and the annual budget.
Chair and Membership
The Finance Committee consists of a Chair appointed by the Board of Directors and at least two directors who have some knowledge or expertise in financial administration. The Chair may recommend the appointment of non-directors to the committee.
Chair:
Peter Hoffman
Members:
George Watson
Cynthia Lai
Mike Cusano
Scott Webster
Tamer Fahmi
Keith Tarswell, Ex-Officio
Staff Participation:
Tom Wright, President/CEO
Dan Stapleton, Director, Corporate Services
Gloria Fougere, Manager, Finance & Accounting
Shelley Westlake-Brown, Manager, Executive & Board Operations
Duties, Functions or Responsibilities
- To provide advice to the Board of Directors with respect to the financial policies of RECO
- To review the annual budget prepared by staff and recommend its acceptance to the Board of Directors