Board Committees

Board Committees 2016-08-11T14:01:22+00:00

Audit Committee:   The Audit Committee shall recommend the hiring of a certified independent accounting firm for the Authority, establish the compensation to be paid to the accounting firm and provide direct oversight of the performance of the independent audit performed by the accounting firm hired for such purposes.  The membership of the Audit Committee shall be all of the Board Members and a non-Board member, who shall be familiar with corporate financial and accounting practices to the extent practicable.  Not withstanding the foregoing, no Board Member shall serve as a member of the Audit Committee who has:

(a)  in the past two years been employed by the Authority or an affiliate in an executive capacity,

(b)  in the past two years been employed by an entity that received remuneration valued at more than $15,000 for goods and services provided to the Authority or received any other form of financial assistance valued at more than $15,000 from the Authority,

(c)  is a relative of an executive officer or employee in an executive position of the Authority or an affiliate, or

(d)  in the past two years has been a lobbyist registered under a state or local law and paid by a client to influence the management decisions, contract awards, rate determinations, or any other similar actions of the Authority or an affiliate.

The Audit Committee shall meet at such times as the Chairman directs.

Governance Committee:  The Governance Committee shall keep the Board informed of current best governance practices, review corporate governance trends, recommend updates to the Authority’s on corporate governance principles, advise the Legislature of the County of Onondaga on the skills and experience required of potential Board Members, examine ethical and conflict of interest issues, perform Board self-evaluations and recommend by-laws which include rules and procedures for conduct of Board business.  The membership of the Governance Committee shall be all of the Board Members.  Not withstanding the foregoing, no Board Member shall serve as a member of the Governance Committee who has:

(a)  in the past two years been employed by the Authority or an affiliate in an executive capacity,

(b)  in the past two years been employed by an entity that received remuneration valued at more than $15,000 for goods and services provided to the Authority or received any other form of financial assistance valued at more than $15,000 from the Authority,

(c)  is a relative of an executive officer or employee in an executive position of the Authority or an affiliate, or

(d)  in the past two years has been a lobbyist registered under a state or local law and paid by a client to influence the management decisions, contract awards, rate determinations, or any other similar actions of the Authority or an affiliate.

The Governance Committee shall meet at such times as the Chairman directs.

Finance Committee:  The Finance Committee shall review proposals for the issuance of debt by the Authority and make recommendations.  The membership of the Finance Committee shall be all the Board Members.  Notwithstanding the foregoing, no Board Member shall serve as a member of the Finance Committee who has:

(a)  in the past two years been employed by the Authority or an affiliate in an executive capacity,

(b)  in the past two years been employed by an entity that received remuneration valued at more than $15,000 for goods and services provided to

the Authority or received any other form of financial assistance valued at more than $15,000 from the Authority,

(c)  is a relative of an executive officer or employee in an executive position of the Authority or an affiliate, or

(d)  in the past two years has been a lobbyist registered under a state or local law and paid by a client to influence the management decisions, contract awards, rate determinations, or any other similar actions of the Authority or an affiliate.

The Finance Committee shall meet at such times as the Chairman directs.