Terms of Reference - Standing Committee on Finance and Planning

Authority

CIHR By-Law - Article 5 , section 5.04.

Chair(s) & Membership

The Standing Committee on Finance and Planning consists of a Chair, who is a Governing Council member, plus a minimum of three (3) members chosen by Governing Council after receiving advice from its Nominating and Governance Committee. The President is an ex-officio member.

Meetings

Meetings will be held at least 3 times annually at the call of the Chair, or by request of the President.

Quorum

A majority of its members.

Reference

Bourinot's Rules of Order, 4th Edition.

Mandate

The Standing Committee is mandated by the Governing Council to provide direction and oversight of CIHR's financial, budgeting and strategic planning activities.

Roles & Responsibilites

The roles and responsibilities of the committee are as follows:

ensure that CIHR has an effective planning process in place that provides appropriate alignment of financial resources with strategic directions
provide direction and oversight to the planning process to ensure that annual and multi-year Corporate plans received from the Research and Knowledge Translation Committee, the Institutes, and CIHR Management, reflect the strategic directions established by the Governing Council
recommend to the Governing Council, CIHR's annual budget
assess CIHR's financial requirements on a continuous basis and recommend to the Governing Council, strategies and measures to increase CIHR's overall level of resources
monitor annual financial results of operations and report to the Governing Council on any matters of significance
respond to all matters related to the Committee's mandate as may be referred to it by the Governing Council, and to act according to the nature of the referral
initiate any reviews, studies, initiatives etc. necessary to carry out the mandate of the Committee
promote transparency and accountability in all financial and planning activities of CIHR

Reporting

The Standing Committee on Finance & Planning will normally report at each meeting of the Governing Council on all of its proceedings since the last meeting of the Governing Council.

Evaluation

On an annual basis, a review of terms of reference and re-affirmation of membership.