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Chair of Finance & Business Effectiveness Committee (FBEC)

Employer
NEBDN
Location
Preston, Lancashire (GB)
Salary
Volunteer
Closing date
11 Mar 2024

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Key responsibilities:
The Finance and Business Effectiveness Committee (FBEC) takes delegated responsibility on behalf of the Board taking specific advice from outside advisors when appropriate, and makes recommendations to the Board.


Duties and tasks to fulfil the key responsibilities:

  • To ensure that NEBDN considers and approves the methods for measuring objectively the progress of the organisation in relation to its, business plans and annual targets.
  • To ensure that the Executive reports regularly to the Board of Trustees on progress towards the strategic objectives, business and annual plans.
  • To ensure that NEBDN’s financial dealings are systematically accounted for, audited and publicly available.
  • To ensure that the strategic and financial risks to which NEBDN is exposed have been reviewed and systems have been established to mitigate these risks without the charity becoming totally risk averse.
  • To ensure that moneys are invested to the maximum benefit of the organisation, within the constraints of the law and ethical and other policies laid down by the Board.
  • To ensure policy and process for procurement, Insurance and ICT are regularly reviewed and improvements implemented by the Executive and reported to the Board.
  • To appoint a deputy Chair in their absence.
  • To ensure that FBEC decisions are made in the best, long-term interests of NEBDN and that the Board takes collective ownership of these decisions.
  • In partnership with the Chief Executive Officer that relevant agendas and papers are prepared in good time for FBEC meetings
  • To ensure that the FBEC delegated authority and decisions are recorded in writing.
  • In partnership with the Chief Executive Officer ensure that the Board receives sufficient (neither excessive quantities nor too little) and timely information to make informed decisions.
  • To update the Board Committee in summary on FBEC meetings including any decisions made on behalf of the Board.
  • To ensure that all members of FBEC receive appropriate induction, advice, information and training (both individual and collective).
  • To hold the Executive responsible for the quality of the Committee papers.

Note: Where the Chair is expected to ‘ensure’ that something happens, it is not necessary for the Chair to carry out the task themselves but is responsible for making it happen.

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