Committees and Working Groups
To more effectively serve the needs of the LANL Foundation, the Board of Directors has fourstanding committees, Audit, Executive, Finance, and Nominations, that meet regularly to oversee their respective focus areas and set policy in support of the Foundation’s goals. In 2010 the Board created the Program Development Committee. There are also two advisory committees, the First Board Evaluation Steering Committee and the Los Alamos Employees’ Scholarship Fund Advisory Committee.
Executive Committee
Staff Representative: Susan Herrera
The Executive Committee, which consists of the current board officers and Immediate Past President, meets monthly with the power to exercise the authority of the full Board in the management of the Foundation between quarterly board meetings. The Executive Committee oversees all Board operations and acts on behalf of the Board during on-demand activities The Executive Committee also serves as a sounding board for the CEO.
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Audit Committee
Staff Representative: Mihaela Popa-Simil
The Audit Committee provides oversees organization’s accounting and financial reporting and supervises the organization’s annual audit. Each year, this committee selects an independent auditor, reviews the initial audit plan and scope, and assesses the final audit report. The Audit Committee reports results of the audit to the Board and recommends any actions that should be taken with respect to the outcome.
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Finance Committee
Staff Representative: Mihaela Popa-Simil
The Finance Committee meets quarterly to review investment policies and monitor funds and financial activities of the Foundation. The committee reviews, reports, and makes recommendations to the Board regarding the annual operating budget, interim reports comparing budgets to actual and projected revenues and expenses, financial statements, internal control systems, accounting policies and procedures, bank depository relationships for safekeeping and temporary investment of operating funds, and borrowing and financing arrangements.
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Nominations Committee
Staff Representative: Susan Herrera
Each year, the Nominations Committee is activated to engage prominent community and business leaders to serve on the LANL Foundation board of directors. This committee meets quarterly to review the effectiveness, special needs, and diversity of the board. It presents nominations for appointment of directors and election of officers annually and upon the occurrence of vacancies. The Nominations Committee may also make recommendations for nominations to other board and advisory committees.
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Program Development Committee
Staff Representative: Wendy Pomeroy
The Program Development Committee provides oversight for the
program and development activities of the Foundation.
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