Governance

‘Governance’ refers to how the union is managed and how authority is exercised and controlled within the union. Governance influences the priorities of the union and the manner in which they are achieved, as well as how financial and reputational risks are monitored and assessed, and how performance is improved and managed.

What is the role of the Audit and Finance Committee?

The Audit and Finance Committee is the financial committee of management of the union. The Audit and Finance Committee consists of the President, SecretaryAssistant Secretary-Treasurer and four (4) members of the Union Council, appointed by the Union Council. The Audit and Finance Committee meets on a monthly basis and provides written reports on its activities to the Union Committee. Its duties include, but are not limited to: preparing budget and cashflow forecasts, closely examining financial statements on a regular basis and monitoring and protecting the funds and property of the union.

What is the role of the Union Committee?

The Union Committee’s role is to transact all the business of the Union and to provide direction on a month to month basis. It is made up of the five senior officials plus five ordinary members.

What is the role of the Union Council

The Union Council is the supreme governing body of the Union. It is akin to a board of directors and consists of the senior elected officers of the Union and twenty five (25) Councillors. The Union Council provides the overall strategic direction of the Union and has the power to implement policies to manage the Union, make rule changes and review the decisions of the Union Committee.

Union Policies and Procedures Adopted by Union Council

The Union develops and implements internal control policies and procedures relating to the expenditure of the Union to ensure that the Union is conducted in accordance with the principles of good governance and to ensure accountability to members of the Union. Such policies and procedures are adopted by the Union Council and are binding on all officers, employees and members of the Union.

The leadership of the Union takes governance principles seriously.