Audit & Finance Committee Charter

The Audit & Finance Committee ("Committee") shall assist the Board of Directors in fulfilling its oversight responsibilities relating to the quality and integrity of NACD's financial reporting processes, accounting practices and the annual budgeting process. The Committee shall also oversee the adequacy and effectiveness of the Association's systems of internal controls regarding finance, accounting, and legal and regulatory compliance; as well as the performance, qualifications, and independence of NACD's independent auditors. The committee reviews and recommends the annual budget for approval, monitors NACD's investment policies and the performance of invested funds, and oversees long range financial objectives.

In discharging its oversight role, the Committee has the authority to investigate any matter within its area of responsibilities that is brought to its attention, with full access to all of the books, records, facilities, and staff of NACD, and the power to retain outside counsel, auditors, or other experts, as it deems appropriate.