view counter
view counter

Last Call: Audit & Governance Committee Members Sought by Standardbred Canada

Published: December 10, 2010 10:37 am ET

No Comments | Jump to Comments

Standardbred Canada is seeking new candidates to serve on its Audit & Governance Committee. The Audit & Governance Committee reports to and is selected by the Board of Directors.

New members on the Committee shall represent a good cross section of Standardbred Canada members in the business and accounting fields. Candidates are Standardbred Canada members in good standing and would ideally possess the skill sets, professional experience and knowledge of best practices that will ensure the Committee meets its goals and objectives.

The Audit & Governance Committee is composed of not less than five (5) members who are ‘non-directors’ of Standardbred Canada and SC’s Chair of the Board, and shall elect its own Chair at its first meeting each year. The Chair of the Committee shall have served at least one (1) full year on the Committee to be eligible for the position. The term of the Audit & Governance Committee is two years and a maximum of two terms can be served.

The responsibilities of the Audit & Governance Committee are as follows:

  1. To advise the Board and management about governance strengths and weaknesses including the Code of Conduct and compliance with all legal and regulatory requirements.
  2. To advise the Board on the effectiveness of the organization’s financial and internal control systems.
  3. To review and advise the Board on the financial statements, current accounting policies and practices, the annual budget process and the strategic planning process.
  4. To work with management and external auditors to ensure that the annual audit is conducted in an efficient, cost effective and objective manner.
  5. To recommend the appointment of the external auditor at the appropriate fee.
  6. To review and assess the adequacy of the Audit & Governance Committee mandate annually and recommend changes to the Board for their consideration.

It is the intent that the Committee will meet face-to-face at least three (3) times per year in addition to conference calls when necessary. The first scheduled meeting of the Committee has tentatively been set for April 2011. Committee members will be remunerated for reasonable costs associated with travel and accommodation, but there is no stipend or fees for services rendered.

If you possess these attributes, and are interested in serving on the Audit & Governance Committee, please forward a cover letter and resumé to:

Caren Brown, Corporate Secretary - Standardbred Canada
By: Monday, January 10, 2011 at 4:00 p.m.
E-Mail: [email protected]
Mail: 1-2150 Meadowvale Blvd.
Mississauga, ON
L5N 6R6
Fax: 905-858-2442
Telephone: 905-858-3060 (Ext. 242)

Currently, Standardbred Canada is an association of approximately 12,000 members who are represented by a Board of Directors of 29 members. The Board represents Racetracks, Breeders and Active members which include owners, trainers, drivers, grooms and officials. A copy of the By-Laws and Regulations is available here.

view counter

© 2021 Standardbred Canada. All rights reserved. Use of this site signifies your agreement and compliance with the legal disclaimer and privacy policy.

Firefox 3 Best with IE 7 Built with Drupal