Finance Committee#
Current members:
Deepa Venkatraman (Treasurer, ex officio)
Samar Syal (Vice-Treasurer, ex officio)
Steven Deobald (Executive Director, ex officio)
Rosanna Yuen (Senior Director of People, ex officio)
Committee Charter#
The Finance Committee is a standing committee of the GNOME Foundation Board of Directors. It assists the Board with monitoring and overseeing the finances of the Foundation, including budget planning and financial policies.
Key responsibilities#
The responsibilities of the Finance Committee include:
Preparing financial reports to the board,
Regular review of the Foundation’s finances, including spending, balances and actuals with regards to the budget,
Assisting staff in the preparation of the Annual Budget, and
Providing periodic finance reports to the Board.
Committee composition#
The Finance Committee is composed of at least three members. The holders of the following officer and staff positions are automatically considered to be members of the committee:
Treasurer
Vice-Treasurer
Executive Director
Senior Director of People
Senior executives responsible for finance, such as a CFO, VP or a Director of Finance or Operations
Additional committee members must be appointed by the Board of Directors as set out in the GNOME Foundation Bylaws.
Committee meetings#
The Finance Committee meets no less than quarterly, during the month following the close of each fiscal quarter, e.g., January, April, July, October. During these quarterly meetings, the Committee will review quarterly financial reports, and other financial reports that may be required. Reports will be prepared for the Foundation Board to summarize these reviews along with any other recommendations for Board consideration.
The Committee will further determine interim meetings that may need to happen from time to time, and will provide at least 1 week notice before any non-emergency Committee meeting.