South African Medical Association

Finance Committee

The Finance Committee's basic responsibilities are the following:

  • Provide direction for the entire Board for fiscal responsibility.
  • Regularly review the organization's revenues and expenditures, balance sheet, investments and other matters related to its continued solvency.
  • Approve the annual budget and submit it to the full Board for approval.
  • Ensure the maintenance of an appropriate capital structure.
  • Oversee the maintenance of organizational-wide assets, including prudent management of organizational investments.
  • Review revenues and expenses at regular Committee meetings.
  • Ensure that organizational funds are spent appropriately (i.e., restricted funds).
  • Develop an investment strategy.

Elected members of the committee

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