This scrutiny of the annual accounts on behalf of the members is a vital part of CIB’s governance and once again we need members’ assistance
Members may be aware of the important role of the CIB’s Committee of Examination, for which we require two members to volunteer to serve in 2025 and 2026 to review the annual accounts for 2024 and 2025.
The role of the Committee of Examination is similar to that of an Audit Committee. We would expect to receive the CIB’s draft annual accounts for 2024 by March 2025 for review, after which we will hold an online meeting which typically lasts 2 hours, involving the members of the Committee plus the Honorary Treasurer Paul Chan and Chief Executive Don Ward. A report based on the discussions at the meeting will then be signed off by the Committee members after any comments by the end of April. The total process should last no more than a month and require maybe 5-6 hours maximum.
Members can only serve on this Committee for two years, so this year we have to say goodbye to Iasen Markov, leaving only Mieke Oostra as a current member of the Committee, able to serve for a second year. That leaves us with two vacancies. A current Board member cannot serve in this role, but someone else from the same institution as a Board member is permitted.
Please consider and contact Don Ward if you are able to volunteer for this role, indicating any relevant experience for this type of role. The Officers, Board and all members of CIB would be most grateful.
