Finance and Risk Committee

The Finance and Risk Committee provides an additional level of scrutiny to the CDI's financial performance and management of risks faced by the organisation.

The committee meets quarterly, usually a month before the main Board meetings, and looks in more depth at the monthly and annual accounts, as well as key financial issues. The committee then makes recommendations to the Board on matters such as:

• Setting the reserves target for the year - this is the amount of cash the organisation will hold to ensure it remains a viable operation in the event of issues arising that significantly impact our finances.
• Risks that should be added, adjusted or removed from the risk register.
• Changes to financial and risk management processes.

The committee usually comprises three Directors from the Board, plus the Chief Executive and a member of the CDI's finance team.