Lead Auditor and Risk Committee Chair
1 month ago
Lead the Audit and Risk Committee
As the Independent Chair of Audit and Risk Committee, you will lead the committee in reviewing the effectiveness of Southern Co-op's internal controls and risk management systems. You will oversee the internal and external audit arrangements, ensuring that the committee meets with the internal and external auditors independently of management at least once a year.
Responsibilities
- Set the agenda for the Audit and Risk Committee in conjunction with the Society Secretary
- Establish a constructive and effective tone for committee discussions
- Encourage active involvement from all committee members
- Work with the Society Secretary to identify and meet the development needs of committee members
- Ensure the committee monitors the integrity of Southern Co-op's financial statements and approves accounting policies
- Review the effectiveness of internal controls and risk management systems
- Lead the committee in approving the appointment and removal of the internal auditor and external auditor
- Ensure the committee reviews and agrees the annual internal audit plan and monitors the effectiveness of the internal auditor
- Establish an effective working relationship with the internal auditor, external auditor, and other stakeholders
- Promote high standards of corporate governance and report to the Board of Directors on committee proceedings
You will be independent of Southern Co-op and have a strong background in finance or a related field. This is a three-year fixed-term position with approximately 8-10 days of work per year.
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