Greater Edmonton Foundation Housing for Seniors

Finance and Audit Committee (FAC):

The purpose of the Finance and Audit committee is to monitor and make recommendations to the Board on matters affecting financial control policies, budget review process, risk analysis and assessment, financial information systems policy and external and special/comprehensive audits.

Governance Committee (GP):

The purpose of the Governance Committee is to provide a forum for Board deliberation of governance options and ongoing monitoring reports measuring the performance of the Foundation.

Also, using standardized criteria, the Committee shall conduct a Board self-appraisal of the Board’s performance as a governing body.  Based on the findings of the self-appraisal, the Board will then develop an action plan to improve its performance, which is monitored and reviewed quarterly.

Capital Planning Committee (CPC):

The purpose of the Capital Planning committee is to facilitate the promotion and provision of attainable, affordable accommodation for lower income seniors.

The Committee’s responsibilities include:

Formulate project development objectives and guidelines for approval by the Board.

• Review project development proposals and submit same for the approval of the Board.
• Review applications for project development and/or construction funding prior to submission to funding agencies.
• Provide a monthly status report to the Board on all active development projects and initiatives, including the expenditures in relation to the budget.
• Keep the Board informed on a timely basis of any significant project development issues that may arise from time to time.
• Act as a resource to administration staff during project construction to deal with issues between the contractors, consultants, etc., as needed.

Management Resources and Compensation Committee (MRCC):

The purpose of the Management Resources and Compensation Committee is to make recommendations to the Board of Directors in its oversight responsibilities relating to:

• the compensation,
• nomination,
• performance monitoring and appraisal, and
• succession

of the Chief Executive Officer (and other management personnel as may be required); and

•  the Foundation’s organization design, management policies and practices.