Board Policy CA-160: Duties of the Treasurer of the Board of Directors

Effective date: 2019-06-18

Policy

Appointment, term, and qualities required

  1. The Treasurer of the Board is elected from among the voting Board members during the Board’s annual general meeting and further to a recommendation by the Governance and Nomination Committee.
  2. The Treasurer must have knowledge of financial management.
  3. The Treasurer fulfills a one-year term.

Duties of the Treasurer of the Board of Directors

The Treasurer must:

  1. Protect and control all files related to securities, funding, and financial matters;
  2. Chair the Finance and Audit Committee;
  3. Submit a financial report at every regular Board meeting and an annual report at the Board’s annual general meeting;
  4. Perform any other duties assigned by the Board.