19.1.1 |
Two employer members who shall be elected from and by the employer members serving on the CETA: Provided that one shall be elected from the emerging industry members; |
19.1.2 |
Two trade union members who shall be elected from and by the trade union members serving on the CETA; |
19.1.3 |
One government member who shall be nominated by the government departments concerned; |
19.1.4 |
The Chairperson of the CETA or his or her nominee; |
19.1.5 |
No more than two members co-opted by the CETA for their financial expertise; |
19.1.6 |
The Chief Executive Officer in an ex officio capacity; |
91.1.7 |
The Financial Manager or Accountant of the CETA in an ex officio capacity. |
19.2 |
Powers and Duties of the Finance Committee |
The Finance Committee shall:
9.2.1 |
Elect a Chairperson from its members; |
9.2.2 |
Oversee the compilation of, and review from time to time, the CETA financial management systems, policies and procedures; |
9.2.3 |
Approve and review the CETAs insurance portfolio; |
9.2.4 |
Determine, review and monitor internal auditing procedures; |
9.2.5 |
Determine rules for grant payments subject to the applicable regulations; |
9.2.6 |
Ensure the management of roll-over funds; |
9.2.7 |
Review and advise the CETA on the CETA's approach to financial investment, subject to applicable legislation and regulations; |
9.2.8 |
Review management accounts and financial statements; and |
9.2.9 |
Review and advise the CETA on its annual budget. |