– the intergovernmental organization through which Member States act together
     on matters related to measurement science and measurement standards.
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CIPM Sub-Committee on Finance

Purpose of the Sub-Committee:

The purpose of the Sub-Committee on Finance is to provide the CIPM, and its stakeholders, with confidence in the long-term financial plan of the BIPM, reflecting good business practice and representing an important internal control.

Remit and terms of reference:

The Sub-Committee on Finance is formally accountable to the CIPM, reporting to the CIPM on the adequacy and effectiveness of BIPM's long-term financial plan and the preparation of the Annual Financial Statements. The scope of the Sub-Committee is as follows:

  • To support the effective development and periodic review of the long-term financial plan to ensure the sustainability of the BIPM.
  • To advise on the most effective way to present and report the BIPM budget to stakeholders on an accrual accounting basis.
  • To provide due diligence on the preparation of the annual Financial Statements for approval by the CIPM.
  • To advise on the management processes to most effectively manage the BIPM's financial assets and investments.
  • To review external audits of the BIPM's independent auditors in order to satisfy CIPM that the internal controls and systems of risk management and reporting are robust, defensible and proportionate.

Chairperson:

  • Dr Martyn Sené

Members:

  • Dr Yuning Duan
  • Dr Wynand Louw
  • Dr James W. McLaren
  • Dr Martin J.T. Milton  [BIPM Director]
  • Dr Philippe Richard

  CIPM: Upcoming meetings
13–14 June 2017: Meeting of CC Presidents
16–20 October 2017: 106th meeting of the CIPM (on 16, 17 and 20 Oct.)
19–21 June 2018: 107th meeting of the CIPM

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