Contact us
 
 
Keep me logged in
(Don't check this box if you're on a shared computer - learn more)
Forgotten Username / Password?

Finance Committee

Reporting directly to the RANZCP Board, the Finance Committee acts as an advisory body to the Board in relation to statutory and contractual compliance and financial strategy reporting.

„►Finance Committee Regulations [PDF; 38 KB]

Contacts

The Chair of the Finance Committee is A/Prof Saji Damodaran. Contact the committee at board_finance@ranzcp.org.

Membership

The Finance Committee comprises:

  • Board Director (chair)
  • Fellows x 5 (appointed by the Board from a pool of nominees from the Fellowship

Responsibilities

The Finance Committee is responsible for:

  • providing advice to the Board on outcomes and policies relating to statutory and contractual financial statement issues and financial managment issues.
  • Board from a pool of nominees from the Fellowship
  • oversight of financial management
  • receiving and reviewing the annual budget and making recommendations to the Board
  • ensuring the College’s initiatives are carefully monitored in relation to expenditure, achievement of goals, adherence to time constraints and reporting requirements
  • monitoring the College’s financial results throughout the year and making alterations in the budget for prudent financial management
  • monitoring the College’s financial results throughout the year and making alterations in the budget for prudent financial management
  • regularly reviewing the cash flow position and investments of the College
  • receiving regular financial reports and providing regular progress reports to the Board on financial performance including College initiatives
  • advising the Board on competing demands for resources, prioritising resource allocation and advising on alternative methods of funding College activities
  • ensuring College financial systems comply with all relevant legislative requirements and that appropriate data management systems are in place to support these function
  • monitoring and reviewing overall risk-management policy, planning and strategies of the College, and the process for their implementation
  • serving as an independent and objective party to review the financial information including annual and half yearly accounts and accounting policies and practices presented by management to the Board for presentation to College members and regulatory authorities
  • reviewing and assessing the adequacy of the reporting, financial risk management, accounting and internal controls of the College
  • ensuring compliance with laws and regulations
  • development and implementation of an annual work plan.