AITSL Annual Report 2011-12 - Australian Institute for Teaching and ...

Don AbellInstitute of Chartered Accountants in Australia.CommitteesMr Abell has extensive experience in professional accounting overmore than 30 years, including 25 years as a partner within the charteredboard chairman for a number of companies.Audit and Risk CommitteeThe primary objectives of the Audit and Risk Committee are to provide independentassurance and assistance to the Board of Directors on the Australian Institute forthe functions required under section 44 of the Commonwealth Authorities and CompaniesAct 1997.The Audit and Risk Committee’s charter outlines the Committee’s composition, its roleand responsibilities, and reporting and administrative arrangements.Following the changes to the AITSL Board, the Committee’s membership was reduced tothree from 1 April 2012.Finance CommitteeThe AITSL Board of Directors established the Finance Committee in March 2010 to assistCorporations Act 2001 and the Commonwealth Authorities and Companies Act 1997.The Finance Committee Charter outlines the authority, composition, purpose, role andresponsibilities, reporting and administrative arrangements.Following the changes to the AITSL Board, the Committee’s membership was reduced tofour from 1 April 2012.Remuneration CommitteeThe Remuneration Committee advises the Board of Directors on the salary, conditions,and performance of the Chief Executive.Meetingsmeetings. The Remuneration Committee held one meeting.26 AITSL Annual Report 2011–2012