Finance Committee

The Finance Committee is responsible for all aspects of the CBA’s finances. Its seven members include three Board members, three branch representatives and one Canadian Corporate Counsel Association (CCCA) representative. Their responsibilities include:  

  • Develops financial policies
  • Reviews consolidated budgets and financial statements
  • Proposes auditors
  • Reviews, monitors and advises the Board on the CBA’s financial health, and implements Board-approved steps to ensure same
  • Develops policies and advises the Board on enterprise risk management
  • Manages and oversees the financial audit process
  • Oversees the work of its subcommittees and reports to the Board on their work

Subcommittees

The Finance Committee has two subcommittees:

The Investment Steering Subcommittee advises the Finance Committee, and through it – the Board, on the strategic investment of CBA funds. It also executes the Board-approved investment strategy. Its three members include the Finance Committee Chair.  

The Enterprise Risk Management Subcommittee assists the Finance Committee, and through it – the Board, in overseeing the identification, measurement and management of the CBA’s principal risks. It also assists with implementing policies and standards for monitoring and mitigating those risks. Its three members include one Finance Committee Board member.

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