Leadership
Mr. Anurag Rastogi
Chairperson
Members
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Ms. Asha Murali
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Mr. Ashish Ranjan
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Mr. S P Chakraborty
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Mr. J B Bhaskar
Permanent Invitee
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Mr. Pravir Chandra
IAI Secretarial Support
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Mr. Navin Kumar Mishra, Account Consultant (Executive Assistant)
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Mr. Larry Barretto, Deputy General Manager (Deputy Executive Assistant)
Functions
- Oversee development of financial and operational budget for upcoming year and estimated budgets for the succeeding three years, and recommend the same to the Council before end of February every year.
- Perform quarterly review of actuals vs budgets preferably within six weeks of every quarter end and submit a report to the President.
- Recommend revised budgets for the current year to the Council if such a revision is warranted.
- Liaise with Committees, Advisory Groups and other such groups as far as it relates to finances of the Institute.
- Oversee development, implementation and review of Policies and SoPs in the areas of Finance & Accounts, Taxation, HR matters, Investment, member service delivery and office administration. Recommend these Policies and SoPs, including periodical reviews, to the Council for approval, where required. All such Policies and SoPs must be reviewed periodically, and not more than 24 months shall elapse between two reviews.
- Oversee development and implementation of financial controls and accounting policies of the Institute.
- Oversee development of an investment policy and take decisions on investments in line with the policy.
- Oversee implementation of the student support scheme or other similar schemes meant for welfare of the members of the Institute.
- Approval of Performance Appraisal, Salary Revisions, Bonuses and Promotions for employees in line with Council approved Policies.
- Recommend to the President any approval of filling of job vacancies through recruitment of employees beyond the Budget approved by the Council.
- Review member services including various touch points, response time, response quality, seeking feedback and acting on the feedback and recommend suitable actions.
- Review the entire gamut of Information Technology of the Institute and recommend suitable actions.
- The Committee must meet at least four times a year and not more than 120 days shall elapse between two meetings.
- In case of any clarification required on the role and responsibilities of the Committee, the President is authorized to take a decision on the same.
