The Finance, Risk and Audit Committee oversees CAUL’s financial activity and reporting. The Committee assists the Board in developing Board policy, monitoring organisational activity within he scope of its remit, and making recommendations to the Board for resolution. The role of the Committee includes assisting the Board with CAUL’s governance and exercising due care, diligence, and skill in financial management, audit and risk management. The Committee is not a policy-making body, nor does it have the authority to make decisions on behalf of the CAUL Board, to approve financial expenditure, or commit CAUL to activities or undertakings not otherwise approved by the Board.
Charter
The Committee operates in accordance with the Finance, Risk and Audit Committee Charter which sets out the terms of reference.
Members
The Committee consists of:
- a CAUL Board Director who is appointed as Chair
- the Chair of the Content Procurement Committee, who is also a Board Director
- the CEO, CAUL
- an independent member with financial expertise and qualifications
- CAUL’s appointed bookkeeper and financial controller or their representative.
Current membership
| Member | Committee role | Term |
|---|---|---|
| Kylie Percival University Librarian Curtin University Board Director | Chair of the Committee | 25 October 2023 to 30 September 2025 |
| Hero Macdonald University Librarian Deakin University Board Director and Chair of the Content Procurement Committee | Member – Chair of the Content Procurement Committee | 1 October 2023 to 30 September 2025 |
| Jane Angel CEO Council of Australasian University Librarians | Member – ex officio | Ongoing |
| Sarah van Gent External | Member – independent | 20 January 2025 to 19 January 2026 |
| Natacha Bursill Director Nimblebiz Solutions | Member – representing CAUL’s financial controller | Ongoing |
Meetings
The Committee meets a minimum of six times per calendar year.