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International Union of Pure and Applied Chemistry

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Finance Committee (FC)

This Committee advises Union Officers on the sound management of Union finances and investments.

Read it in ... Chem. Int.
> The Treasurer's Column, Jul '06
> Sep '05
> Sep '04
> Sep '03
> Sep '02

Projects
List of projects
Reports of Activities

Policy Statements
- Fund Policy Statements - rev. 16 Mar 2006
- Investment and Fund Policy Statements - rev. Apr 2005
- Investment and Fund Policy Statements - rev. 5 Apr 2003
- Investment and Fund Policy Statements - rev. 14 Sep 2002
- Fund Policy Statement - draft update > see 2002 Minutes below
- Investment Policy Statement - updated 25 Feb 2002
- First Investment and Fund Policy Statements, July 2001

Finance Reports [see - news > archives]
Report on IUPAC's Financial Condition since 1998

Minutes of Meetings
- 19 Feb 2007, Zurich, Switzerland (pdf file - 28KB)
- 13 Feb 2006, Zurich, Switzerland (pdf file - 44KB)
- 21 Feb 2005, Zurich, Switzerland (pdf file - 25KB)
- 9 Feb 2004, Zurich, Switzerland (pdf file - 16KB)
- 17 Feb 2003, Zurich, Switzerland (pdf file - 18KB)
- 25 Feb 2002, Zurich, Switzerland (pdf file - 217KB)
- 2 March 2001, Zurich, Switzerland (pdf file - 25KB)
- 21 Feb 2000, Zurich, Switzerland (pdf file - 18KB)
- 22 Feb 1999, Zurich, Switzerland (pdf file - 19KB)
- 17 Feb 1997, Zurich, Switzerland (pdf file - 33KB)
Terms of Reference

(i) To advise the President and the Executive Committee on financial matters.


(ii) To make financial recommendations for decision by the President and/or the Executive Committee.


(iii) To review the IUPAC securities at least annually and to make such changes as appear appropriate.


(iv) The Finance Committee shall not have executive functions except with respect to dealings in securities. The Finance Committee shall have executive authority with respect to selection, purchases, and sales of securities held by IUPAC, provided that the Treasurer concurs with the decisions of the Finance Committee.

Composition and Terms of Office

(i) There shall be a standing Finance Committee, composed of a Chairman and three other Titular Members. In addition, the Treasurer and Executive Secretary (to act as Secretary) shall be ex officio Members, but without voting power.


(ii) The President in consultation with the Executive Committee shall appoint the Chairman. The Finance Committee may propose candidates.


(iii) The period of service of the Chairman shall not exceed eight years. The sum of the years of service as a Titular Member and as the Chairman shall not exceed ten years.


(iv) The President in consultation with the Executive Committee shall appoint the Titular Members. The Finance Committee may propose names of persons suitably qualified for appointment.


(v) The period of service of the Titular Members shall be four years, renewable for a further term of four years.


(vi) The Membership shall be reviewed every two years by the incoming President in consultation with the Executive Committee.