Finance Committee

Assistant Treasurers in Switzerland, Assistant Treasurer in Canada and two members

• advise on all IFUW financial policy and administration
• advise on the preparation of annual estimates for the approval of the Council
• supervise the annual expenditure of IFUW and the use and investment of its funds
• are responsible for ensuring that the expenditure of IFUW remains within the terms of the budget approved by Council

Members should have solid experience and ability in financial management, but it is not necessary that they actually be employed in financial work by profession. Members need a combination of practical capacity, ability to examine suggestions bearing in mind cost/benefit, and a forward-looking attitude to the Federation's work and the work of non-governmental organizations in general.

The two Assistant Treasurers are nominated by the national federations or associations in the country of headquarters and the country of the largest affiliate, currently Switzerland and Canada.

The Assistant Treasurers are responsible for managing IFUW investments in consultation with the Finance Committee. In addition, the Assistant Treasurer in Switzerland is responsible for supervising staff work with regard to income, expenditure, and investments, drawing up the budget in consultation with the Treasurer and the Secretary General. She is the first one to be consulted on financial issues.

See full Terms of Reference