Finance Committee

Committees

Finance Committee

The finance committee focuses on examine the accounts, the progress of expenditure and all new proposals involving fresh expenditure. The committee also examines the annual statement of the accounts and financial estimates of the Institute prepared by the Finance and Accounts Officer and submit it to Governing Body and Governing Council for further action.

FUNCTIONS OF THE FINANCE COMMITTEE
  • To guard the organization against illegal, unethical, or incompetent activities by fiscal managers.
  • To help a board fulfill its responsibility
  • To protect the organization from legal challenges and liability.
  • To protect the institution from actual or apparent conflict of interest
  • To act as the board’s eyes and ears in the financial operation
  • To act as an advisory panel to the financial operation
OBJECTIVES:
  • To ensuring proportionality, transparency, accountability and fairness in the purchasing process
  • To submit the reports to the Management
  • To ensure proper utilization of fund.
  • To give its views and to make recommendations to the Executive Council on any financial question affecting the Institution either on its own initiative or on reference from the Board of Management or the Director.
MEMBERS
Sl.No
Name
Designation
1 Dr.Sr.Joseena SVM Chairperson
2 Sr. Starly SVM Co-chairperson
3 Sr. Praveena SVM Secretary
4 Sr. Jyothy Jose SVM Member
5 Sr.Jani SVM Member
6 Sr. Tessin SVM Finance Officer
Quorum
  • The quorum shall be 2/3rd of the total members
Frequency of meeting
  • Twice in a year
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