The Commission held its meeting in a hybrid format
The FIVB Finance Commission met in a hybrid format this week with the Commission President Essa Hamza Al Failakawi and Secretary Habu Gumel joining from the FIVB Headquarters in Lausanne, Switzerland.
The 2022 financial accounts were presented to the Commission alongside updates to the Budget 2023 and Financial Regulations. Additionally, the reports of the FIVB Controller and the External Auditors’ Report by Deloitte were presented.
During the meeting, FIVB President Dr Ary S. Graça F° said:
“It is very important for us to continue following the principles of good governance and ensure that our financial affairs are conducted in a professional and very transparent manner. This is our top priority, and we count on the FIVB Finance Commission to assist us in ensuring the best accounting and budgeting practices are implemented in our day-to-day work.”
The Finance Commission concluded its meeting by agreeing the following proposals for the consideration of the FIVB Board of Administration:
1. To approve the Business Report 2022
2. To approve the FIVB Controller’s report 2022
3. To approve Deloitte’s External Auditors’ report 2022
4. To approve the update of the Financial Regulations
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