EOI for Independent member of Finance & Audit Committee
Bowls Australia calls for expressions of interest for an independent member to join its Finance & Audit Committee, to be appointed for an initial circa 3-year term.
About Bowls Australia
Bowls Australia is the National Sporting Organisation for the sport of Lawn Bowls and represents a sport comprised of 8 State & Territory Associations, ~1800 Bowls Clubs and over 470,000 Bowls Club Members.
Bowls Australia’s most recent Annual Report and a copy of its current Strategic Plan are available on its website bowls.com.au
About the Finance & Audit Committee
The Finance & Audit Committee is appointed by the Board and assists the Board in fulfilling its oversight responsibilities relating to the:
- Preparation and integrity of the Organisation’s financial accounts and statements;
- Internal controls, policies and procedures that the Organisation uses to identify and manage business financial risks;
- Qualifications, independence, engagement, fees and performance of the Organisation’s External Auditor;
- External Auditor’s annual audit of the Organisation’s financial statements; and
- Organisation’s compliance with legal, regulatory requirements and compliance policies.
Please read the Finance & Audit Committee’s Terms of Reference for further information.
The independent member appointed will join two Bowls Australia Directors on the committee.
Criteria
Mandatory criteria
To be eligible to be appointed an individual must:
- Be independent of Bowls Australia and its State & Territory Associations i.e. cannot be an employee or hold an Official Position (e.g. as a Director) within those organisations
- Be either a practicing Certified Public Accountant or Chartered Accountant
- Be available to fulfill the duties outlined in the Finance & Audit Committee’s Term of Reference. The Committee currently meets five times per year. Meetings are generally online for 90 minutes from 5pm AEST/AEDT.
Desirable criteria
In addition to meeting all mandatory criteria, the successful appointee will best address:
- An understanding of the operating environment of not-for-profit organisations with a turnover of ~$10M, preferably within the context of the federated operating model of Australian sport
- A strong understanding of best practice corporate governance and financial management. Completion of the Company Directors Course from the Australian Institute of Company Directors will be highly regarded.
- Demonstrated experience on the Board and/or Finance & Audit Committee of a Company Limited by Guarantee or a Proprietary Company.
Additional Information and Instructions
‘Additional Information and Instructions’ applicable to the vacancy:
- The position will be appointed at the discretion of the Bowls Australia Board with the intention of a circa three-year term commencing immediately following appointment and concluding in September 2027.
- Reflective of the sport’s participation base and endeavours – from community Bowls through to the international stages of Bowls and Para Bowls – Bowls Australia is committed to diversity and inclusion on its Board and its sub-committees and encourages nominations that will engender such.
- The positions is honorary. There are five (5) Finance & Audit Committee meetings per year, with additional scheduled if required. Meetings are usually scheduled online via videoconference, but may be scheduled in-person (for which travel costs are covered).
- Applications for the above position close on Monday 1st April 2024. To be submitted to the attention of the Bowls Australia CEO to mkennedy@bowls.com.au
- Applications should include a 1-page CV, and up to a further 2-page covering letter / submission addressing the above ‘Criteria’.
- At its discretion, the Bowls Australia Finance & Audit Committee may conduct candidate interviews prior to the appointments being made by the Board.
For any queries about this process, please contact the Bowls Australia CEO, Matthew Kennedy, direct on mkennedy@bowls.com.au or 0412 416 506.
