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Business, Oversight & Audit Committee

The Business, Oversight & Audit Committee meets at least three times per year and its fundamental role is to provide advice and guidance on Policy, Governance, Finance, Risk Management and Performance Management related issues.

Specifically, the Committtee's role is to:

  • Provide more time for the Full Board to have wider discussions regarding strategic local and national issues
  • Monitor progress against the delivery of the strategic priorities of the LRS Strategy for Physical Activity & Sport. Identify and resolve specific issues.
  • Provide oversight of Leicester-Shire & Rutland Sport's financial performance and monitor the integrity of its internal financial controls.
  • Ensure that an Internal Controls System is maintained and that all policy frameworks are reviewed in a timely manner.
  • Make recommendations to the Board in relation to the appointment, re-appointment and removal of an external auditor and approve the remuneration - every four years.
  • Provide guidance and support for the LRS Senior Management Team and the LRS Board.
  • Ensure that the internal risk management systems are continually reviewed.
  • Identify and monitor risk and ensure mitigating actions are in place and delivered. Liaise where necessary with the host authority and/or funding partner.
  • Provide a written and verbal report back to full Board, highlighting recommendations and challenge areas.

Partners

  • County Sport Network
    Safeguarding
    Harborough District Council
    Blaby District Council
    British Heart Foundation
  • East Midlands Platform
    Loughborough University
    Oadby & Wigston Borough Council
    Melton Borough Council
    Equality Standard
  • Leicestershire County Council
    Charnwood Borough Council
    Rutland County Council
    Hinckley & Bosworth Borough Council
    QUEST
  • Age UK L&R
    Sport England
    North West Leicestershire District Council
    Leicester City Council

Partners

  • Charnwood Borough Council
    Sport England
  • Harborough District Council
    Safeguarding
  • Leicester City Council
    British Heart Foundation
  • East Midlands Platform
    County Sport Network
  • Oadby & Wigston Borough Council
    Hinckley & Bosworth Borough Council
  • Melton Borough Council
    Leicestershire County Council
  • QUEST
    Age UK L&R
  • Loughborough University
    Blaby District Council
  • Rutland County Council
    North West Leicestershire District Council
  • Equality Standard