Edward Kowalewski

The committee reviewed and recommended that the Olympic Authority Board of Directors approve the Investment of Corporate Funds Policy, which includes the Investment Report and proposed resolution #587. Furthermore, the committee recommended approval for the Annual Report, along with proposed resolution #589 incorporating suggested changes.

The committee meeting focused on the presentation of the financial audit performed by EFPR Group, CPAs, PLLC. The auditors reported that they anticipated issuing an unmodified opinion, noting that financial statements were presented fairly in accordance with GAAP. Furthermore, the audit did not identify any material weaknesses in internal controls, and no compliance findings were reported. The committee subsequently voted to recommend that the Board of Directors adopt the resolution regarding the audit.

The committee reviewed the organization's mission statement, performance measurements, and the draft performance measurement report. Discussions were held regarding the designation of policy makers for the 2026/2027 term and a review of various organizational policies and procedures, including specific updates to the code of ethics and background check policies. Additionally, the committee engaged in a discussion concerning board member training and orientation needs.

The Executive Committee discussed the Investment of Corporate Funds Policy and Guidelines, including the Investment Report, and recommended approval of the annual report. These actions were later ratified by the Board of Directors.

The committee reviewed and recommended that the Board of Directors adopt proposed resolution #584, which concerns the organization's Mission Statement and Performance Measurements. Additionally, the committee held a discussion regarding the requirements for board member refresher training and orientation for new members.