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Finance Commission

   

Mission

   

Composition

The Finance Commission supports the IOC Executive Board to safeguard the continuity of the IOC and the Olympic Movement's activities through efficient management of its financial resources.

 

Three main missions

The Finance Commission's is:

• To ensure that the accounting records of the IOC and its subsidiaries are maintained according to International Financial Reporting Standards (IFRS); for the IOC and all its subsidiaries.
• To ensure that the IOC and its subsidiaries have an efficient and transparent budgeting and financial control process and that the Financial Policies and Procedures approved by the IOC Executive Board are respected.
• To make recommendations to the IOC Executive Board on the strategy to be followed for its financial investments and then to monitor on a monthly basis through the Treasury and Financial Investment Committee that such strategy is followed or updated based on changing conditions in the financial markets.