Page 17 - AYO Governance Manual Draft

Delegated Authorities
Powers which may not be delegated
The following powers and duties will, under no circumstances, be delegated by the EC:
 Change of the AYO name
 Approval of annual operating and capital expenditure budgets
 The appointment of the Music Director
 The setting of honoraria
 Investment policies
 Acquisition, disposal or leasing of real property
 The power to borrow or lend
 Purchase of significant assets with a value of greater than $5,000
 Risk management decisions
 Settlement of any litigation
 The power to delegate

Powers which may be delegated
 The table in the Appendix details the delegations approved by the EC to specific Offices.
 Sub-delegates cannot further delegate the responsibility for tasks or functions delegated to
them unless authorised by the Chairman.
 Delegations are specific to Offices and not a person. If a person is absent, a delegated task can
be completed by a member of staff with the same or higher delegated authority.

Delegated Authorities Chart

Executive Committee Chairman Manager Treasurer Finance Sub- Comnittee

Comments
Policies and Procedures

Approve adoption or changes to Policies

Approve adoption or changes to operating In consultation with the EC where
Procedures required

Changes to Delegated Authorities

Media Communications
Delegation
Authority to release information to media Refer Communications Policy
Communication with external media Refer Communications Policy

Financial
Authority to open bank accounts With the approval of the EC.

Authority to approve changes to signing
authorities
Authority to approve payment of invoices 1 signatory

Authority to raise loans, issue debentures or
other financial instruments
Authority to invest surplus funds With the approval of the EC

Legal and Contractual

Authority to initiate or defend legal action