Finance Committee
Purpose: To assist the board in fulfilling its fiduciary duty for prudent fiscal oversight and maintaining the fiscal stability and long-term economic health of GSK.
Process:
- Ensure that the financial planning for GSK is supportive of and fully integrated with the long-range plans and mission of the council.
- Review council financial performance, recommend annual budget, recommend related policies and standards.
- Hold one joint meeting per year with the Audit Committee to review the external audit.
- Conduct a semi-annual investment review with our investment advisor to ensure compliance with board investment policies.
- Meet annually with the 401K administrator to fulfill our fiduciary requirements.