PrintCIPFA Institute Council
The role of the Institute Council is to govern the Institute, in the public interest, within the terms of its Royal Charter.
The Institute's Council takes the key role in directing the affairs of the Institute to achieve its mission and objectives. The terms of reference of Council include:
- to set the strategic framework and direction for the Institute, including approval of the medium term strategy set out in the CIPFA Development Strategy;
- to approve the Institute’s annual budget and business plan;
- to maintain oversight of the Institute from two key perspectives:
- the public interest
- the CIPFA membership;
- to receive regular progress reports from the Board;
- to appoint the chairs, vice-chairs and members and approve the terms of reference of the Board and other committees (eg PFMB, MSDB, Audit Committee etc);
- to appoint and approve the delegated powers of the Chief Executive;
- to appoint co-opted members to the Council;
- to approve any proposals for changes to the Charter, Bye-laws and Regulations of the Institute including those which require resolutions of General Meetings;
- to approve standards of professional practice and, where appropriate, statements and codes of best practice;
- to approve and adopt the Annual Report and Accounts of the Institute;
- To approve the admission of new members to the Institute in accordance with the provisions of Bye-laws 4, 5 and 6.
The Institute Council comprises the Officers of the Institute (President, Vice President, Past President and Honorary Treasurer), 21 members elected annually by the membership, plus seven nominees from the CIPFA Regions, and up to eight other members who are co-opted by the Council.
The Council and its Boards and Committees
Council has established 8 Boards and Committees, as follows:
- The Board;
- Members & Students Development Board;
- Public Finance & Management Board;
- Board for the Regions;
- Audit Committee;
- Remuneration Committee;
- Commercial Services Board;
- Nomination Committee;
In addition...
the Council also oversees the workings of the committees set
up in accordance with the Institute's regulatory/disciplinary scheme.
Some Boards and Committees have in turn established a series of Panels, task-finish groups, and other groups to assist them discharge their own specific responsibilities.
Membership of Boards and Committees
Council members generally sit on one Board or Committee; he/she may also be
a member of other panels established by Boards and Committees.
Frequency of meetings
The Council, Boards and Committees usually meet 4 times a year, with the exception of The Board and the Commercial Services Board which both meet six times a year.