External Director: Finance Committee

at  Toronto Metropolitan Students Union

The Toronto Metropolitan Students’ Union (TMSU) is seeking a Candidate to sit on the TMSU Board of Directors and Finance Committee. This Candidate will be responsible for providing professional guidance and advice to the Finance Committee.

QUALIFICATIONS

• Registered as a Chartered Professional Accountant or Certified Management Accountant in good standing;
• Experience with organizations of similar or greater size;
• Experience with organizational budgeting, strategy setting and problem solving;
• Knowledge of organizational and government grant and sponsorship systems;
• Commitment to the purposes of the TMSU;
• Demonstrate the highest degree of ethical conduct, accountability and professionalism;
• Understand the importance of, and ability to maintain, confidentiality; and
• Experience in the post-secondary sector and students’ union sector is considered an asset but not a requirement.

RESPONSIBILITIES

The TMSU External Directors provide neutral and impartial advice and bring external expertise based on their professional experience to the various committees of the TMSU. This new governance mechanism will enhance the fairness and accountability of the TMSU to ensure the Board of Directors of the TMSU is making informed decisions around operations, strategy and governance. External Directors will be non-voting on the TMSU Board of Directors but will have voting powers at the Committee they are appointed to assist with.

References in TMSU By-Laws: www.yourtmsu.ca/governance

• Board of Directors: By-law 4
• External Directors: By-law 4.8
• Finance Committee: By-law 5.14

DEFINED DUTIES:

• Participate in Finance Committee Meetings;
• When required, attend the monthly Board of Directors Meetings;
• Abide by the TMSU Board of Directors Code of Conduct, including the disclosure of real or perceived conflicts of interest in advance of any committee discussions and refraining from any discussion or voting if necessary;
• Act honestly and in good faith with a view to the best interests of the TMSU;
• Exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances;
• In conjunction with the Finance Committee Members:
• Review and propose the annual operating budget for the Board of Directors;
• Review and make recommendations to amend the budget as required for the Board of Directors;
• Request, receive, review and interpret all departmental budget proposals; and
• Review all quarterly reports.