FAR committee members were advised that the HR Committee has recommended Marlo Rose to be the FAR Committee chair for the 2024- 2025 term. [...] Rose welcomed everyone to the first meeting of the 2024-2025 FAR Committee and invited participants to introduce themselves. [...] Moved and seconded THAT the agenda be approved, and the chair be authorized to modify the order of discussion. [...] The FAR Committee agreed to have an additional meeting in August for a fulsome overview and discussion of the risk register. [...] Menard presented the 2025 Operating Budget Envelope Assumptions that had been pre-circulated to the FAR Committee and noted the process followed to establish the assumptions.
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Table of Contents
- Engineers Canada Finance Audit and Risk Committee Meeting Minutes Page 1 of 2 1
- June 17 2024 1
- Minutes of the Finance Audit and Risk Co ttee Meeting 1
- June 17 2024 1000 am 1100 am PDT Hybrid 1
- In-person Spirit Ridge Resort Osoyoos BC Virtual Teams 1
- Committee members in attendance Christian Bellini virtual Menelika Mekomba Anjum Mullick Jitendra Paliwal 1
- Marlo Rose Nicolas Turgeon Steve Vieweg virtual 1
- Observers 1
- Pal Mann CEO Group Advisor to the Board Philip Rizcallah incoming CEO Engineers Canada 1
- Mike Wrinch President Engineers Canada 1
- Staff and support Gerard McDonald Chief Executive Officer Derek Menard CFO virtual 1
- Juliet Chou Governance Coordinator virtual 1
- Moved and seconded THAT Marlo Rose be appointed FAR Committee chair for 2024-2025. Carried 1
- 3. Declaration of conflict of interest No conflicts were declared. As noted in the agenda book participants may declare a conflict at any time during the meeting as necessary. 4. Last meeting review 1
- 4.1 Review of minutes May 9 2024 approved by 2023-2024 committee 1
- The minutes were provided for information only. No questions or comments were raised by the committee. 1
- 4.2 Review of action table 1
- There were no outstanding actions. 1
- 5. Approval of the 2024-2025 work plan D. Menard Chief Financial Officer presented the draft work plan that was pre-circulated to the FAR 1
- Engineers Canada Finance Audit and Risk Committee Meeting Minutes Page 2 of 2 2
- June 17 2024 2
- August 12 2024 virtual 2
- October 22 2024 virtual 2
- December 13 2024 virtual 2
- February 20 2025 virtual 2
- March 6 2025 virtual 2
- May 9 2025 virtual 2
- 9. Meeting evaluation Overall participants were satisfied with the meeting. It was suggested that orientation be provided for new members prior to their first meeting. 2
- 10. Closing With no further business the meeting was closed at 1106 am PDT. 2
