President’s Quarterly Progress Report: October – December 2012
The 24th Audit Committee was held via teleconference on November 29, where the audited consolidated financial statements for the year ended June 30, 2012 were approved. The financial statements are available at www.col.org/GovInfo. The next Audit Committee meeting is scheduled for February 19, 2013 via teleconference. The Risk Management Discussion Group held its meeting via teleconference on November 30 to clarify the risk management roles for COL. A draft Risk Management matrix is now ready and will be discussed further at the Executive Committee meeting to be held via teleconference on February 27, 2013 and subsequently at the June Board meeting. I am very grateful to the Chair, the Honourable Burchell Whiteman, Dr. Linda Sissons and Professor John Wood for their valuable inputs.