Beijing, China — The 4th Finance and Risk Management Committee (FRMC) Meeting of Partners in Population and Development (PPD) was held in Beijing on 20th October, 2013. The committee approved a forward looking financial plan for PPD.
The Partners in Population and Development (PPD) Governing Board approved the formation of two Committees to further strengthen the execution of its governance responsibilities, accountability and over sight, during its 16thannual Board meeting held in Pretoria, South Africa in 2011. The two complimentary committees, which supplement the existing Executive Committee and the overarching PPD Governance Board, are: 1) The Finance and Risk Management Committee and 2) The Program Planning and Development Committee.
These committees are established to assist the PPD Board to undertake its oversight role and to (a) Fulfil its fiduciary and governance responsibilities in relation to the organization’s financial reporting, application of internal policies and procedures, financial management and the treasury function, internal control, risk management and administrative systems; (b) Oversee and enhance communications between the Board, the Secretariat and both internal and external Auditors, and provide an additional reporting line for Risk Assurance and Audit; and (c) Oversee and monitor the accountability process and the quality of internal and external reporting.
The Board appoints 2 Board Members, one as the Chairperson and the other as the Co- Chair, the latter is also the PPD Board Treasurer. The PPD Board Chairman appoints 4 Partner Country Coordinators (PCCs) to the Committee based on regional representation of the PPD Member Countries (Africa, Asia, South America, and the Middle East and North America).
The meeting was chaired by H.E. Ambassador Yuguda Alhaji Bashir, Supervising Honourable Minister/Deputy Chairman, National Planning Commission,, Government of the Federal Republic Nigeria.
Participants of the Finance and Risk Management Committee Meeting in Beijing, 2013
Mr. Md. Zakir Hossain, PCC and Joint Secretary (FW & Prog.), Ministry of Health and Family Welfare Government of the People’s Republic of Bangladesh; Mr. Hu Hongtao, PCC and Deputy Director-General Department of International Cooperation, National Population and Family Planning Commission Government of the People’s Republic of China; Dr. Wendy Hartanto PCC and Deputy for Population Management National Family Planning Coordination Board (BKKBN) Government of Indonesia; Mr. Adnene Ben Haj Aissa , PCC and Director, Technical Cooperation, National Board of Family and Population; Mr. Jacques Van Zuydam, PCC and Chief Director, Population and Development, Department of Social Development, Government of the Republic of South Africa; Dr. Joe Thomas, Executive Director, PPD; Dr. Lorna Tumwebaze, Deputy Executive Director, PPD and Dr. Jotham Musinguzi, Regional Director, Partners in Population and Development Africa Regional Office were present in the meeting.
The committee reviewed the minutes of the 3rd FRMC Meeting, held in Kampala, Uganda in March 2013 and adopted it accordingly. Audit report and audited financial statements for the period Jan – Dec 2012 and Audited report of ARO 2011, Financial Reports for FY 2013, Resource mobilization plan and PPD’s building construction update was presented by ED in the meeting and being approved accordingly.