We are guided by a dedicated team of volunteers who serve on our Finance and Risk Committee Committee. The Finance and Risk Committee plays a crucial role in overseeing the Financial and Risk aspects of CDI’s operations, they take on the responsibility of ensuring our organisation runs smoothly and efficiently.
We are grateful for the passion and commitment our committee members bring to CDI (Childhood Development Initiative). Their invaluable contributions help us create a positive impact in the communities we serve.
Functions
This Committee deals with financial management and risk assessment and minimisation, and reports to the Board. It will undertake the following:
Finance
- Agree budget/budget revisions;
- Review summary finance reports from service providers;
- Monitor and review quarterly management accounts;
- Monitor and review announcements about the organisation’s financial performance and financial controls;
- Approve and review internal Financial Policies and Procedures;
- Discuss other financial and compliance matters in relation to the company.
External Audit
- Make recommendations to the Board about the appointment, pay and conditions of the external Auditor.
- Meet with the External Auditor and have oversight of the External Audit;
- Monitor and review the accuracy of the financial statements including Directors Report, etc for presentation to the full Board.
Corporate Governance
Monitor progress relating to risk management including the Risk Register Review and the annual compliance conducted by CDI in relation to the Governance Code for Community, Voluntary and Charity Organisations in Ireland.
Membership
Dermot Duffy
Dermot has 42 years’ experience in Retail, Corporate and Private Banking with AIB Group. Roles included Head of Recruitment, Senior Manager Corporate Banking London, Manchester, and Corporate International Banking Dublin responsible for the Pharmaceutical, Healthcare and Medical sectors.
The latter part of Dermot’s career was in the role of Senior Manager Private Banking and Senior Executive Goodbody Stockbrokers. He was Chairperson at Willow Park Junior School (primary school to Blackrock College) from 2015 to 2020 and a member of The Institute of Bankers and Licensed Representative of the Irish Stock exchange.
Oluwaseye Fadare
Volunteer Financial Accountant with RCCG.
Aisling O’Reilly
Aisling holds an Honours Degree in Business and Accountancy, has been a qualified accountant with the Association of Certified Chartered Accountants (ACCA) since 2016, and is currently studying for a Masters of Economic Science in Policy Analysis with the Institute of Public Administration (IPA). She has worked in the Office of the Comptroller and Auditor General since 2014 and has considerable experience and expertise in Public Sector Financial procedures and Governance requirements. Aisling is a Tallaght native with two children, a son and a daughter. She is interested in social policy, early intervention, and evidence-based policy. She is currently training in restorative practices.
Sinead Ward
Director of Finance and Governance, Institute of Public Health Ireland.
CDI’s CEO and Finance Officer will also attend meetings, the latter acting as Secretary to the Committee.
The quorum for the committee is 2 members.