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TERMS OF REFERENCE

TERMS OF REFERENCE : A TERMS of REFERENCE (TOR) document establishes a particular board or committee and details the specific authority that board or committee has to oversee a delegated area of responsibility. It should clearly set out the roles, responsibilities , operations, tenure and obligations, in accordance with any specific legislative requirements. The benefit of creating TOR is to provide boards or committee members and key stakeholders a common understanding of the scope, objectives and operational processes of the board/committee and any legislative requirements ( under a governing act or the Financial Management Act 1996).

Responsibilities of the [name] Committee: • This part of the TOR specifies how the purpose of the committee is to be met. o For e.g. “The Financial Advisory Board is responsible for advising on the financial affairs ... non-executive positions or ex-officio positions and term limits .

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