Biographical / Historical
The Finance and Administration Sub-Committee, reporting to the Executive Committee, was established in March 1959. In November 1960 it was renamed the Finance and Establishment Sub-Committee, and from January 1965 it was known simply as the Finance Committee. Its primary responsibilities consisted of finalising the end-of-year accounts, planning the public presentation of accounts at Annual General Meetings, and dealing with property matters. In October 1978 the Budgets Committee was established, tasked with preparing the ground for the ratification of financial plans. The Budgets Committee coexisted with the Finance Committee until October 1982, when they merged to form the Budgets and Finance Committee. In September 1993, as part of governance reforms, the Budgets and Finance Committee was stood down.