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Chair of Finance & Governance Committee
The Irish Council for International Students (ICOS) is seeking a suitable volunteer to carry out the role of Chair of the Finance & Governance Committee.
The Finance & Governance Committee (the committee) is a sub-committee of the ICOS board of directors and the committee reports to the board, under the delegated powers assigned by a terms of reference.
The chairperson will act as an independent chair of the committee and will not form part of the board itself.
The role benefits:
- You will be helping a small charity to ensure it is operating within the Charities Governance Code.
- It is a great opportunity to connect with a small organisation having an impact in society,
- Develop and enhance leadership skills,
- Gain knowledge and experience of the Not-For-Profit sector,
- Gain a knowledge about international education, social justice and migrant rights.
The Finance & Governance Committee is responsible for:
- Making recommendations to the Board on the appointment of external auditors.
- Monitoring the external auditor’s independence, objectivity and effectiveness.
- Reviewing the accounting policies, financial management and internal controls across the organisation.
- Reviewing monthly management accounts.
- Reviewing with management and the External Auditors the results of audits.
- Ensure that there is an ongoing formal risk assessment process in place in the organisation, and that risk management and risk avoidance arrangements are established.
- Advising the board of directors on measures to be taken to ameliorate risk.
- Reviewing all governance matters, and in particular, review the continuing compliance with The Governance Code, with an annual review report to be provided to the Board.
- Making recommendations to the board on the adoption of or amendment to any internal ICOS policy documents.
- Reviewing periodically whether financial control measures, including the delegation structures are suitable and make recommendations.
- Reporting to the board on funding and expenditure matters, i.e. robustness of income streams, income generation, value for money, staff remuneration policy, cost effectiveness, etc.
- Overseeing and assessing the process for setting annual budgets, and provide advice to the Board.
- Developing, reviewing, and reporting to the Board on large capital & unbudgeted expenditure, in line with ICOS’ Finance Policy.
- Seeking any external professional advice, with prior notification to the Chairperson, that the Committee deems necessary to carry out its functions.
Meetings of the Committee:
- The Committee will meet a minimum of 5 times per year, in advance of board meeting.
- The Committee may meet in person or by teleconference (Zoom / Skype)
- Only the Committee Chairperson and its members are entitled to attend Committee meetings. Invited guests may attend at the Chairperson’s invitation.
- No meeting of the Committee will be valid unless there is in attendance a quorum of two directors.
- The Executive Director will furnish the committee with relevant information to assist in decision-making.
A committed and professional individual is sought and the following attributes are desired.
- A background in finance with a qualification of at least NFQ level 8.
- An interest in migrant rights, internationalisation, development or social justice.
- Previous experience of serving on a board or committee.
- Good organisation skills.
- The capacity to volunteer for at least 15 hours per annum outside of meetings.
Please send a CV and cover letter outlining your experience and motivation by close of business on February 14th to Sarah Lennon, Executive Director at email@example.com
For informal conversations regarding the role, contact Sarah on 087 9704942
ICOS may carry out shortlisting and an interview process.
For more information on ICOS visit www.internationalstudents.ie