• Thursday Dec 20, 2012

    CONCACAF forms Finance Committee


    New group will ensure strong governance and transparency throughout Confederation

    NEW YORK - CONCACAF announced the formation of its Finance Committee, which will focus on monitoring and giving oversight to the Confederation's financial management. The work of this committee will add to the growing list of governance reforms being implemented by the organization as it works to ensure accountability in all operations.

    The Committee will be Chaired by Captain Horace Burrell, President of the Jamaica Football Federation, with Rafael Salguero, FIFA Executive Committee Member from Central America, serving as Vice Chairman.

    "Solid oversight is necessary to ensure that CONCACAF is able to focus its resources and energy on developing the game of football in our region and supporting our great teams," said CONCACAF President, Jeffrey Webb. "The Finance Committee forms a crucial backbone in our system of checks and balances and will ensure that the organization and its individuals are operating in a financially sound environment as we continue to expand our reach through outstanding tournaments like the upcoming Gold Cup."

    The new Finance Committee will monitor the financial management of CONCACAF and will advise the Executive Committee on financial matters and asset management. It will also analyze CONCACAF's budget as well as the financial statements prepared by the General Secretary prior to submitting them to the Executive Committee for approval.

    "The Finance Committee will play a vital role in continuing to ensure our Confederation operates responsibly, with integrity and within its resources," said Captain Horace Burrell, Chair of the new committee. "CONCACAF has made tangible progress in reforming itself over the past few months in an effort to build the necessary foundation to raise our region to the highest levels. I look forward to leading this group as part of the shared goal of bettering our organization."

    The Finance Committee consists of Captain Horace Burrell (Jamaica), Chairman; Rafael Salguero (Guatemala), Vice Chairman; Anwer Sumderji (Bahamas); Canover Watson (Cayman Islands); Eduardo Li (Costa Rica); Samuel Pereau (Martinique); Luis Palma (Mexico); Eric Labrador (Puerto Rico); Eric Gleason (United States).

    Already this year CONCACAF has announced the formation of first-ever Integrity, Gold Cup and Audits & Compliance Committees.

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