2020-05-12 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                                  12 MAY 2020


REPORTS FOR CONSIDERATION OF THE COMMITTEE


1                        AUDIT & RISK COMMITTEE MEMBERSHIP
DOCUMENT INFORM AT ION




Author                              Governance Advisor, Diana Stewart
                                    Executive Services Department

Index                               ECM/ Subject/ Audit Committee

Attachments                         1.   Audit and Risk Committee Charter


EXECUTIVE SUMMARY
Not applicable.

RECOMMENDATION
That Council note the report by the Governance Advisor to the Services & Organisation Committee
Meeting dated 12 May 2020 and:
1.                       Adopt the Audit and Risk Committee’s updated Audit & Risk Committee Charter provided as
                         Attachment 1 to the report;
2.                       Endorse the appointment of Mayor Stewart and Councillor Lorentson to the Audit and Risk
                         Committee; and
3.                       Approve the extension of the Audit & Risk Committee Chairperson’s term from 30 August
                         2020 to 31 December 2020.



REPORT
The purpose of this report is to seek adoption of several changes to Council’s Audit and Risk
Committee including the structure of Committee membership, recruitment and sitting fees.

1.                       Background
The Audit and Risk Committee (the Committee) performs a crucial advisory function to Council for
the effective discharge of the responsibilities prescribed in the Queensland Local Government Act
2009, the Local Government Regulation 2012 and other relevant legislation and prescribed
requirements. In particular, Council conducts Audit and Risk Committee meetings to promote good
corporate governance through the provision of independent comment, advice and counsel on audit
and risk management issues covering a wide range of Council operations and projects.
Furthermore, the Committee provides reasonable independent assurance to Council that its core
business goals and objectives are being achieved in an efficient and economical manner, within
an appropriate framework of internal control and risk management. The discharge of this
responsibility principally involves the consideration of audit-related findings and risks highlighted
and reported in respect of performance management.

2.                       Committee membership

In accordance with section 210 of the Local Government Regulations 2012 (QLD), the Committee
currently comprises the Mayor, one Councillor and two expert independent external members who
hold a minimum of four formal committee meetings each year. The Committee has a Charter and
conducts an annual assessment of its performance.

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