Finance Committee
Chairman:
Mr Andrew Mitchell QC
Secretary:
Mr Brian Buck
The Terms of Reference are:
a. To review and finalise the annual budget, in consultation with BSB and GMC for presentation to the Bar Council and to review and where appropriate put forward proposals for the alteration of practising certificate fees and subscription levels and bandings;
b. To review the monthly management accounts and make recommendations in the light of such accounts;
c. To review the Bar Council’s annual accounts and, subject to audit, to approve the same for submission to the Bar Council;
d. To keep under review the level and nature of the Bar Council’s investments, borrowings and insurance cover (other than under the Bar Council’s Mutual Indemnity Scheme) and take all such action in relation thereto as is necessary or desirable in the interests of the Bar Council;
e. To determine financial controls;
f. To exercise the Bar Council’s power to exempt any person from part of any requirement to pay a practising certificate fee or of the voluntary subscription to the Bar Council;
g. To approve contractual arrangements affecting the hire of the Bar Council’s premises and its office equipment and furniture;
h. To provide advice on any other matters referred to it by the GMC, BSB and Bar Council.
