Board Committees

The Board also uses a number of committees to support the Board in matters, which require more intensive review. 

Audit Committee

There is no legal requirement for Panthers to have an Audit Committee.  However as Panthers is an entity in which there is significant public interest, we believe it was sound business practice in 1998 to establish an Audit Committee.  The Committee is comprised of three members of the Board, independent of the day to day running of Panthers.

The Audit Committee operates under a charter approved by the Board.  It is the Board's responsibility to ensure that an effective internal control framework exists within Panthers.  This includes internal controls to deal with both the effectiveness and efficiency of significant business processes. This includes the safeguarding of assets, the maintenance of proper accounting records, the reliability of financial information as well as non-financial considerations such as the benchmarking of operational key performance indicators.  The board has delegated the responsibility for the establishment and maintenance of a framework of internal control and ethical standards for the management of Panthers to the Audit Committee.

The Audit Committee also provides the Board with additional assurance regarding the reliability of financial information for inclusion in the financial statements. Current members of the Audit Committee are Don Feltis (Chairman), Terry Heidtmann and Bill Wheeler.

The Audit Committee is also responsible for directing and monitoring the internal audit function; and nomination of the external auditor and reviewing the adequacy of the scope and quality of the annual statutory audit.

Remuneration Sub-Committee

The Remuneration Committee was established during the year.  It assists the Board by ensuring that Panthers remuneration policies and practices fairly and responsibly reward executive management having regard to their performance, the law and the highest standards of governance.  The Committee operates under guidelines that have been formulated to ensure compliance with the recently introduced Clubs NSW Code of Practice as well as industry standards. Current members are Kerry Lowe (Chairman), Terry Heidtmann and John Hiatt.

Governance Committee

This committee was established in 2005 to introduce and monitor a compliance program for governance reporting.  Current members are Kath Evans, John Hiatt and Keith Rhind.

Constitutional Committee

Kath Evans, Don Feltis and John Hiatt.