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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

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

Partners

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