Recently, I made a strategic decision to elevate an old, outdated ad hoc Finance & Audit (F&A) committee, to a new Committee of the Board of Directors. The recent elevation of the F&A now provides Board Members direct oversight and involvement in the organization's financial management. And the process is appropriately led by the Treasurer of the Board and an F&A Committee composed of member-selected and elected Directors. Board Directors have substantial legal and fiduciary responsibilities regarding the financial oversight of the Association. I've had some push back from a few past Chairman and members who wanted to see the old ad hoc committee remain in place. I wanted to garner feedback from this group to see how you manage your respective F&A committees. Any input would be greatly appreciated. Thank you.
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Patrick Osborne
Technology & Manufacturing Association
Schaumburg IL
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