Nominations for audit committee

In September 1997 the Law Society council established an audit committee to carry out the customary functions recommended by the Cadbury Code of Practice on Corporate Governance, that is, oversight of financial reporting, external audit, internal financial control and internal audit.

In addition, the audit committee has wider ranging responsibilities on corporate governance and control issues, value for money and cost-effectiveness.The committee comprises a chairman and up to seven other members and has a majority of non-council members.

A vacancy has arisen for a member of the profession to serve for three years and nominations are now invited.The committee meets about six times per year, usually in London.

Attendance at one or two working groups of the committee per year may also be required.

Members will not be remunerated but will be able to claim expenses.Solicitors who are members of the Society and who are interested in serving on the committee should be able to demonstrate experience of audit committee work and a clear understanding of the issues involved.

Further details are available from Lisa Pepper, Corporate Administration (tel: 020 7316 5660 or fax: on 020 7320 5759) to whom completed nominations should be returned by 13 July 2001.