Board of Directors Regular Meeting Agenda


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Meeting Date: 12/10/2015  

SUBJECT MATTER:
Receive, consider and act upon appointments to the Audit Committee;
FISCAL IMPACT:
N/A
BACKGROUND:
Committee appointments are made in December of each year. The Board primarily functions as a “committee of the whole” with limited use of Board Committees. Board Committees consist of no more than three Directors and meet only as needed.

There are only two standing committees of The Woodlands Township Board of Directors: the Investment Committee and the Audit Committee. In accordance with the Board’s Investment policy, the Investment Committee is composed of the Board Secretary, Board Treasurer and Township President. Appointments to the Audit Committee are made by the Chairman of the Board of Directors.

The purpose of the Audit Committee is to assist the Board of Directors in fulfilling its oversight responsibility of fiduciary matters by reviewing the financial information, systems and controls and the overall audit process, providing open avenues of communication between the independent auditors and the Board of Directors.

The proposed appointments by the Chairman for 2016 will be distributed prior to the December 10, 2015, Board of Director’s Meeting.
RECOMMENDATION:
Affirm the Chairman’s appointments of Mike Bass, Jeff Long and John McMullan to the Audit Committee.

    

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