Westcare Committees

Audit Committee

Responsibilities

  • Review financial reports prior to public release
  • Monitor internal control procedures of Westcare 
  • To liaise with the external auditors in relation to the effective conduct of the audit function
  • Other financial management issues and the compliance and control of Westcare in which auditors may bring to the attention of the committee

Composition of the Audit Committee 

  •  Two independent members of the Board of Directors 
  • Finance and Administration Manager

When do they meet?
The Audit Committee meet at least once a year with Westcare’s external auditors, prior to the release of end of year results, and also when required.

Finance Committee

Responsibilities

  •  To provide advice with regard to performance of businesses, levels of reserves, subsidy research and development of new business
  • Review budget and accounting reports

Composition of the Finance Committee

  • Four members of the Board of Directors
  • The Chief Executive Officer
  • Finance Manager
  • Invited members with appropriate business expertise at the discretion of the Committee

When do they meet?
The Finance Committee meets 11 times a year and as required.