Leadership
Ms. Preeti Chandrashekhar
Chairperson
Members
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Mr. K S Gopalakrishnan
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Ms. Asha Murali
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Mr. Ashish Ranjan
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Mr. Pravir Chandra
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Mr. Jutti Bhaskar
IAI Secretarial Support
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Mr. Navin Kumar Mishra, Retainer-Finance & Accounts
Functions
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Oversee development of financial and operational budget for upcoming year and estimated budgets for the succeeding three years, and recommend the same to the Council before end of February every year.
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Quarterly review of actuals vs budgets within six weeks of every quarter end and recommend the same to the Council for its consideration.
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Recommend revised budgets for the current year to the Council if such a revision is warranted.
- Liaise with Committees, Advisory Groups and other such groups as far as it relates to finances of the Institute.
- Oversee development, implementation and review of Policies and SoPs in the areas of Finance & Accounts, Taxation, HR matters, Investment, and office administration. Recommend these Policies and SoPs, including periodical reviews, to the Council for approval. All such Policies and SoPs must be reviewed periodically, and not more than 24 months shall elapse between two reviews.
- Management of financial condition including Tax matters of the Institute.
- Development and implementation of financial controls and accounting policies of the Institute.
- Develop an investment policy and take decisions on investments in line with the policy.
- Oversee development, implementation and review of policies and SOPs in Finance, Accounts, Taxation, administration, member service delivery, and HR practices.
- Implement the student support scheme or other similar schemes meant for welfare of the members of the Institute.
- Approval of Performance Appraisal, Salary Revisions, Bonuses and Promotions for employees in line with approved Policies.
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Approval of filling of vacancies for existing or new positions of employees, consultants and the like, within approved Budget by the Council.
- Other functions that may be assigned to this Committee from time to time by the Council.
Reporting
The Committee shall report to the Council.
