Matthew Lonergan, CFA

Finance committee

 

The focus of the committee has been continued oversight of the management accounts and financial statements and the systems and controls of the Society. Its main purpose is to help ensure the long-term financial stability of the Society by overseeing the management of the Society’s finances and to have oversight of the Society’s Investment Reserves and Operating Reserves, as outlined in the Investment Reserves Policy Statement and in the Operating Reserves Policy.

Matthew Lonergan, CFA
Finance committee chair

Matthew Lonergan, CFA

Main responsibilities

  • Reviews the financial reports and forecasts prepared by the staffed office
  • Assists in the development of suitable financial controls and in setting an appropriate risk framework for the Society
  • Reviews the financial implications of new projects, or capital spend and provides an independent view of them to the Board
  • Provide oversight of the Society’s Operating Reserves, used in day‐to‐day operations as outlined in the Operating Reserves Policy
  • Provide oversight of the Society's Investment Reserves as outlined in the Investment Reserves Policy Statement