8. Nominations Committee

• The Nominations Committee will plan the elections of the Board of Directors
• The Nominations Committee will recruit new members to the Board of Directors
• Board members will serve on this committee and the Executive Director may assist in an ex-officio capacity

9. Finance Committee

• The Finance Committee will help the Executive Director to develop the budget
• The Finance Committee will help to develop and monitor CLO’s financial policies
• The Finance Committee will review the financial statements before each Board meeting
• The Finance Committee will be chaired by the Treasurer

10. Other Committees

CLO’s board can set up other committees as needed. The Board will set the mandate and time frame of each committee as needed.