Lahore, News Reporter, Asia Rugby (AR) has announced the appointment of its Audit & Risk Committee for the 2025-2028 term, underscoring its commitment to strong governance and financial transparency. The committee will play a vital role in overseeing financial reporting, evaluating audit procedures, and managing risk across the organization.
Comprising up to seven members, with the option for one additional member, the committee ensures diverse representation, including both male and female members. Selected for their expertise, members were chosen from nominations submitted by AR’s Member Unions.
The Audit & Risk Committee will support the AR Executive Committee (EXCO) and has been granted delegated authority to investigate matters within its Terms of Reference, accessing information from AR EXCO, AR Council, and AR Management.
Key responsibilities include monitoring financial reporting for all Asia Rugby entities (ARFU Services Ltd., Asian Rugby Football Union Ltd., Rugby Asia Co. Ltd., and Asian Rugby Football Union), reviewing banking and treasury operations, recommending insurance program changes, overseeing external auditor selection and performance, monitoring compliance, overseeing internal audit, and advising on risk management across strategic, operational, financial, and compliance areas. The committee will also review its Terms of Reference annually.
The committee will meet at least four times a year, including during AR Council weekends and virtually as needed. A majority of members present will form a quorum.
The Chairperson will facilitate discussions and hold both a deliberative and casting vote. AR Management will provide support, including minute-taking and reporting to the AR EXCO.
Committee members will serve a four-year term and receive reimbursement for reasonable expenses. This appointment reinforces Asia Rugby’s dedication to sound governance and financial health.
