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Finance, Audit, and Investment Committee (FAI)

Committee Charge

To monitor and safeguard FASEB’s financial well-being and assist the board of directors in fulfilling its compliance
oversight responsibilities.

Objectives

. Recommend an annual budget to the Federation board.
2. Ensure the board receives accurate and complete financial information.
3. Safeguard the invested funds of the Federation by monitoring investment reserves, reviewing the performance
of the investment managers, and overseeing the effective implementation of the Federation’s investment policy.
4. Manage the audit process, including the selection of the independent auditor, and ensure compliance with all
reporting requirements.
5. Maintain institutional understanding of FASEB’s internal control environment – the policies and procedures for
financial reporting and internal control.
6. Review the annual IRS Forms 990 and other reporting.

Voting: 
Chair: Clifford Harding, PhD
Michael Lehman,  PhD, FAAA, FAAAS
Melanie Scott, PhD
Clinton Allred, PhD
Non-Voting: 
Eric Kelley, PhD
Darla Henderson, PhD, Executive Director and Chief Executive Officer