ordinary meeting of council to be held on tuesday, 25 may 2010 at ...

Audit Committee Charter – Ku-ring-gai Council Page 8
6 .Code <strong>of</strong> Conduct
All mem<strong>be</strong>rs <strong>of</strong> the Audit Committee are <strong>to</strong> abide by Ku-ring-gai Council’s Code <strong>of</strong>
Conduct.
7 Reporting
At the first Committee <strong>meeting</strong> after 30 June each year, Internal Audit will provide a
performance report <strong>of</strong>:
‣ The performance <strong>of</strong> Internal Audit for the financial year as measured against
agreed key performance indica<strong>to</strong>rs.
‣ The approved Internal Audit Plan <strong>of</strong> work for the previous financial year
showing the current status <strong>of</strong> each audit.
The Committee may, at any time, consider any other matter it deems <strong>of</strong> sufficient
importance <strong>to</strong> do so. In addition, at any time an individual Committee mem<strong>be</strong>r may
request a <strong>meeting</strong> with the Chair <strong>of</strong> the Committee.
8 .Decision Making/Deliverables:
8.1 Decision Making/ Deliverables
i) The Committee is expected <strong>to</strong> make decisions by consensus but if voting
<strong>be</strong>comes necessary then the details <strong>of</strong> the vote are <strong>to</strong> <strong>be</strong> recorded in the
minutes
ii)
iii)
iv)
Each mem<strong>be</strong>r <strong>of</strong> the Committee shall <strong>be</strong> entitled <strong>to</strong> one vote only. In the
case <strong>of</strong> an equality <strong>of</strong> votes on any issue the Chair shall have the casting
vote
Between <strong>meeting</strong>s the Chair may circulate <strong>to</strong> mem<strong>be</strong>rs by email specific
proposals for adoption by the Committee. Mem<strong>be</strong>rs shall <strong>be</strong> given a set
time – at least 5 (five) days – in which <strong>to</strong> reply <strong>to</strong> indicate their agreement
with a particular proposal
A mem<strong>be</strong>r’s failure <strong>to</strong> respond within the timeframe given shall <strong>be</strong> taken
as a vote against the proposal. Any decision taken by the Committee by
email is <strong>to</strong> <strong>be</strong> noted and minuted at the commencement <strong>of</strong> the next
<strong>meeting</strong>
8.2 Assessment <strong>of</strong> Committee Performance
i) The Chair will initiate a review <strong>of</strong> the performance <strong>of</strong> the Audit
Committee at least once every two years
ii)
The review will <strong>be</strong> conducted on a self-assessment basis (unless
otherwise determined by the Chair), with appropriate input from