Council is the governing body of The Association of Corporate Treasurers (‘ACT’). It is ultimately responsible for the stewardship and strategic direction of the ACT and accountable to the members. Day-to-day management is delegated to the Chief Executive and, through the Chief Executive to the Executive team.
Council consists of four Officers (President, Deputy President, Vice President and Immediate Past President) and up to six other elected members, as well as the Chief Executive and up to four co-opted members. i.e. a maximum of 15 Council members. In any year the term for Officers and elected members commences on 1 May. You can learn more about Council here.
The Appointments, Remuneration and Audit Committee (ARAC) is the only committee with delegated powers from Council. ARAC is chaired by the Immediate Past President and membership includes all Officers. Additionally, there may be up to five other members, who need not be members of the ACT.
The chair of ARAC reports back to Council for information purposes on matters that fall to ARAC’s approval and seeks approval from Council on matters where ARAC’s role is to make recommendations. There is a standing item at every Council meeting for this purpose.
ARAC’s Terms of Reference and Annual Forward Agenda are reviewed by ARAC and approved by Council annually. Minutes of ARAC meetings are included with the pre-read papers for Council.
The current members of ARAC are:
You can download the ARAC Terms of Reference.
The ACT Executive Committee members are: