2020-05-12 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA   12 MAY 2020




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SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                                     12 MAY 2020

           COUNCIL POLICY - AUDIT AND RISK COMMITTEE CHARTER

           6.    Membership of Audit and Risk Committee
     |     The Audit and Risk Committee will consist of #he-Mayerand-eretwo Councillors, as per Section 210
           of the Local Government Regulation 2012.
           The Council will appoint two external members with the appropriate qualifications to the Committee.
           At least one member will have significant experience and skills in finance matters.'
           Collectively, the Committee shall possess:
           e   A thorough understanding of the core activities of Council and the environment in which it
               operates, including its strengths, weaknesses, opportunities and threats;
           e   Acommitment to the continual improvement of the outputs that the organisation delivers and
               that contribute to the achievement of Council’s priorities;
           e   Strong business acumen and management skills;
           e   Ahigh level of understanding of best practice internal control, risk management and corporate
               governance;
           e   Asound knowledge of information systems and emerging technology;
           e   A high level of competency in financial and operational reporting and the ability to analyse
               complex financial reports including Council’s Operating Statement, Statement of Financial
                Position, Cash Flow Statement and Notes to and forming part of those statements;
           e   Aninquiring attitude, objectivity and independence; and
           e   Astrong, demonstrated sense of probity and ethical conduct.
           6.1.  Rotation of Committee Members

           Periodic rotation of Committee Members contributes to maintaining the independence of the
           Committee and introduces new perspectives to deliberations. It is important to balance stability of
           membership against the benefits of periodically refreshing committee membership, to maintain a
           sufficient level of knowledge and experience on the Committee.
           In accordance with best practice, a phased approach to the rotation of independent Committee
           members to preserve an appropriate level of knowledge and expertise on the Committee is preferred.
           To lessen the loss of an experienced member, the Council may wish to have new members join the
           Committee before existing members depart.
           The membership of the Committee may be reviewed during the life of the Committee but will be
           reviewed following the completion of each General Local Government Election. It is preferred that
           independent members are appointed for a minimum of two years with a maximum tenure of two local
           government terms.
           6.2   Committee Chairperson
           The Chairperson shall be elected by the Committee with a preference for the Chairperson to be an
           independent Committee member.
           6.3   Committee Secretary
           The Secretary will be responsible for the preparation and circulation of the meeting agenda and
           accurately minuting all decisions of the Committee in consultation with its Chairperson. The
           Secretary will also be responsible for the timely tabling of all correspondence, reports and other
           information relevant to the Committee’s activities and operations.
           The Secretary is to be provided by the Chief Executive Officer.

          1 Local Government Regulations 2012 (QLD) s 210(1)(b)(ii).
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