Finance and Audit Committee

Members:

• Catherine Holliday (Australia)
• Franz Pichler (Australia)
• Karen Facey (United Kingdom)
• Hector Castro (Colombia)

HTAi Secretariat:

• Daniel Lalonde, HTAi Executive Director (Canada)
• Stephanie Mitty, HTAi Director, Finance (Canada)

Terms of Reference

• Chair: Treasurer
• Members: At least 2 HTAi members with organizational financial management experience, nominated by the Chair of the Finance and Audit Committee and ratified by the Board
• Term of appointment: Three years, except for the Chair, whose term shall be for his/her term as a member of the Board
• Frequency of meetings: As needed, at the call of the Chair

Responsibilities/Authority:

Overseeing the overall development and approval of the annual budget by:

• reviewing revenue forecasts and expenditure plans presented by management;
• making recommendations to the board for approval of an annual budget;
• monitoring actual revenues and expenditures against the budget forecast, and recommending to the Board any necessary adjustments; and
• reviewing the annual audited financial statements with the auditor.