Page 31 - PIR 2020

Membership
accountability Corporate Governance
Empart chooses to be a member of ECFA in the US and ACNC in Australia, complying with their high standards of accountability.
ECFA provides accreditation to leading Christian non-profit organizations that faithfully demonstrate compliance with established standards for financial accountability, transparency, fundraising and board governance. Members include Christian ministries, denominations, churches, educational institutions and other tax-exempt organizations. Collectively, these organizations represent nearly $20 billion in annual revenue.
Missions Interlink, the Australian network for global mission, is a national membership-based organisation that acts as a peak body. It represents Members
on matters of mutual concern and facilitating compliance with regulatory requirements. Empart chooses to accept and adhere to the Missions Interlink Accreditation Standards.
Auditor
‘The audit of Empart Inc. was a complex audit. During the audit, however, there were virtually no errors found as part of the testing that I completed. In my opinion, the reason for there being very little errors and only
a couple of minor adjustments required with such complex entry details lies in one place, the Finance team. Their dedication, hard work and attention to detail were among the best I have ever seen in my 16 years as an auditor. They should be commended for their work as it is such a privilege to audit such entities where the level of care and attention to the numbers is taken by the team members of the entity.’
Matthew Williams, CBAudit, Independent External Registered Company Auditor
*Names changed to protect identities. Last updated: 9 June 2021
Empart is a not-for-profit organisation that subscribes to a high standard of accountability and stewardship. As a not-for-profit movement, Empart does not issue shares for capital nor does Empart pay dividends to any individual or organisation that supports us. Our governance policies are based on Good Corporate Governance and Best Practice Recommendations, together with adherence to foundational Biblical values.
In each country, Empart is registered within the legal structures of that country. Each entity is governed
by its own national Board and it is the Board’s responsibility to ensure that Empart’s standards are maintained, and it complies with all legal requirements within that country.
All accounts are internally and externally audited in each country.
The Empart Australian Board of Directors consists of Markus Koch (Chairman), Jenni Chacko, John DeBruyn, Brian Holmes, Paul Lambert, Dale Stephenson, Peter Sypkes and Simon Warrick.
In addition to our National Board of Directors, Empart has an Eldership team. The Eldership provides spiritual guidance, support to key leaders, mentoring, conflict resolution and, where necessary, discipline for breaches of a spiritual nature. Empart Elders are Tim O’Neill (Chairman), James Leviston, Allan Meyer, Sharon O’Neill and Wayne Swift.
Directors serve in a voluntary capacity. No equity- based or monetary remuneration packages are entered into between Empart and Directors for their Board roles. Jossy and Jenni Chacko have never taken any salary or remuneration from Empart, they continue to choose to live by faith and trust God for their personal needs.
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