The Standards Council of Canada (SCC) has two standing committees of Council:
The Audit Committee of Council oversees the financial management of the organization. Duties and responsibilities of this committee include reviewing and providing recommendations on:
- The financial components of the Corporate Plan (5-year operational plan);
- The financial components of the Annual Report (audited financial statements);
- Annual expenditures;
- The capital budget; and
- Quarterly financial statements.
Members are also responsible for assessing and making recommendations on the effectiveness of internal controls and areas of potential risk or exposure, for reviewing and providing advice to Council on any internal audits or special examinations, and for monitoring any management responses to these plans or reports.
Corporate Governance Committee
The Corporate Governance Committee of Council oversees and improves the functioning of the Council and its advisory committees. Duties and responsibilities include:
- Reviewing and approving the responsibilities, objectives and performance of the Executive Director;
- Reviewing and approving the responsibilities and objectives of the Chair;
- Monitoring and reviewing conflict of interest guidelines, SCC advisory committee structure and terms of reference, the performance of Council and committees; and
- Reviewing the methods by which the Council fulfills its duties and responsibilities.
Members also ensure that the organization keeps attuned to emerging governance issues requiring consideration by Council.