Audit & Governance Committee
The Audit and Governance Committee is a new part of the committee structure borne out of our organisational review and our intention to establish a reputation for excellent governance as the leading professional FM Institute.
The committee’s primary purpose is to support the board in demonstrating good governance and challenge any of the institute’s activities to ensure that risks are minimised and the best interests of the members is always the core value of any decision.
The committee has the remit to act autonomously from the rest of the institute to ensure independence in carrying out their role and will also be able to review and enable procedures for detecting fraud, whistle blowing and allowing members to raise any concerns on improprieties concerning any institute matters.
The committee will consist of four members with financial, legal, commercial and specialist skills and each member is expected to show good judgement, common sense and adopt a pragmatic approach to resolving issues.
Meetings are timed to meet financial reporting and audit cycles and are typically held every quarter.
