Chair of Audit Committee
About the organisation
Located in the heart of London, The Place is a creative powerhouse for dance development that is leading the way in dance training, creation and performance. One of Europe’s most exciting, innovative dance spaces, where artists from all over the world come to push creative boundaries, to experiment and to perform outstanding new work for audiences who expect to be surprised, inspired and delighted.
About the role
The Place is looking for a Chair of Audit to help the organisation continue their success. The Place's Audit Committee is responsible for undertaking regular reviews of the organisation’s financial policy and procedures; internal controls, checks and procedures; and external audit reports. These responsibilities are delegated to this subcommittee by the Board. We are looking for someone to provide independent, effective leadership to the Committee to ensure they fulfil the duties set out in its Terms of Reference. The Chair will:
- Provide advice and counsel on matters relating to the work of the Committee to the Board, the external and internal advisers, and to the senior leadership team
- Ensure regular development opportunities are provided for the Board and the Committee to ensure the Board and the Committee understand and respect the role and responsibilities of the Audit Committee
- Provide overall leadership to enhance the effectiveness of the Committee
- Take all reasonable steps to ensure that the responsibility and duties of the Committee, as outlined in its Terms of Reference, are well understood by the Committee members and executed as effectively as possible
- Report to the Board on the work of the Committee in a timely and comprehensive manner
- Act as the Committee’s spokesperson as required
- Foster ethical and responsible decision making by the Committee and its individual members
- Oversee the structure, composition, membership and activities delegated to the Committee
- Ensure an annual work plan is developed and delivered with a view to establishing the appropriate priorities and fulfilling the obligations of the committee.
It's important that you're comfortable with chairing meetings and are able to quickly form positive working relationships with your fellow Board members and the senior leadership team. In addition you should have:
- The highest levels of integrity and accountability, and candour
- Strong effective leadership qualities
- An interest in the arts (not necessarily contemporary dance), and/or higher education
- The capacity to dedicate sufficient time and energy to the role
- The ability to give direct and honest opinions and add value to our decision-making
- The strength and tenacity to ask direct questions, insist on a straight answers and to hold candid discussions with the senior leadership team and external and internal auditors
- Inquisitiveness and independent judgement
- The ability to offer different perspectives and constructive suggestions/think objectively
- The ability to inspire confidence in others and respect the views of others
- A good understanding of financial and accounting issues
- Financial literacy with the ability to read and understand basic financial statements, to know the right questions to ask of management or the auditors and to interpret and evaluate the answers
- An understanding of the principles and practice of good corporate governance in the charity and higher education sectors and the role of Audit Committees
- Experience of chairing Boards, Committees or meetings
- A good understanding of legal issues.
9 meetings per year (3 Audit; 3 Finance; 3 Board) There are opportunities to belong to other committees.
How to apply
Applications must be made to Reach in the first instance. Please provide your CV along with a covering letter stating why you wish to work for the organisation, how your skills would add value to the board and any other relevant information.