To establish the division of financial accounts and signing authorities within OSTA-AECO.
The Board of Directors and Executive Council shall maintain all financial and banking investments of the organization.
The signing authorities shall be the Chairperson of the Board, the Treasurer of the Board, the Chief Executive Officer, and the Chief Financial Officer.
All transactions, including but not limited to cheque distribution, shall be signed by one member of each of the Board of Directors and the Executive Council respectively.
The Treasurer shall be the designate for all financial sign-offs by the Board of Directors.
The Chief Financial Officer shall be the designate for all financial sign-offs by the Executive Council.
The Board of Directors shall maintain the Chequing and Investment Savings accounts.
Chairperson and Treasurer; CEO and CFO
Fulfill the fiduciary duty of fiscal responsibility when signing-off on all organizational transactions following consultation with the Board.