The topic of the Audit Committees is admittedly, not the most intriguing governance topic. It's probably the least exciting work of the board yet it's purpose is essential in executing the board's oversight responsibilities.

So today I share with you some information from NAIS - The Audit Committee about the role of the Audit Committee, how it should be organized, who should and should not serve as members of the committee's key responsibilities.

What if you don't have an Audit Committee, should you have one? Ideally, yes. But we know that some boards are challenged to find committee members for both a finance and audit committee. While some overlap is acceptable, it is recommended that most of your Audit committee members not be members of your Finance Committee.

Click Here for a complete policy description of the Audit Committee from NAIS' Policies for Independent Schools.

October 28th - 29th

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