Charter for the Finance Committee — W3C Inc Board of Directors


The Finance Committee assists the Board in fulfilling its oversight responsibilities to hold the Consortium to account regarding:


The Committee consists of at least three Directors appointed by the Board. The Chair or Chairs of the Committee are appointed by the Board.

The Treasurer (CFO) will serve as ex-officio member of the Committee. Only the Directors may vote on matters pertaining to the Committee. The Committee may invite others with relevant knowledge or expertise. Any Director may attend meetings.

Delegated Powers

None, all decisions of the Committee are recommendations to the Board.


The proceedings of the Committee operate under the same dissemination and confidentiality requirements as those of the Board.

Special conflict of interest rules

No Director shall vote on matters relating to or affecting their own employment or compensation.


The Committee will meet at least quarterly, or more often as circumstances require.

Responsibilities and Duties

These following duties are not exclusive, and the Board may modify or supplement them as appropriate:

Last modified: $Date: 2022/11/01 17:39:28 $