Report to the board of directors of Gucci

Date: April 30, 2023

Name of Committee: Finance Committee

Name of Committee Chair: John Smith

Names of Committee Members: Jane Doe, Michael Johnson, Sarah Lee, David Brown

The Objective of the Committee:

The Finance Committee's job is to keep the organisation afloat by monitoring the accounting

department. The primary responsibility of the committee is to advise the Board of Directors and

the executive director/CEO on financial and business strategy.

Summary of Recent Accomplishments and Current Activities:

Over the past three months, the Finance Committee has been hard at work on a number of

projects to strengthen the group's financial position. Among these efforts are:

1. Creating a detailed spending plan for the coming fiscal year that supports the company's

long-term objectives.

2. Evaluating the company's current investment strategy and suggesting changes to

maximise returns while reducing exposure to loss.

3. Assessing the current state of the company's risk management practises and making

recommendations for enhancement.

 4. Determine how the COVID-19 pandemic will affect the company's bottom line and take

steps to lessen its impact.

List of Activities in Progress and Upcoming Events:

The Finance Committee is currently engaged in and planning the following activities and events:

1. Making a budget that fits in with the organization's overall vision and mission.

2. The organization's financial policies and procedures will be thoroughly examined to

ensure their efficacy and conformity with applicable regulations.

3. Finding fresh funding opportunities is crucial to an organization's long-term success.

4. Keeping an eye out for any impending regulatory changes that could have a negative

financial impact on the company.

Financial Impact:

The committee responsible for the organization's financial well-being, the Finance Committee,

has done an excellent job. The company met its quarterly revenue goals and had a healthy cash

balance at the end of the previous fiscal quarter. Positive outcomes have also been seen from the

committee's efforts to boost the company's investment returns.

Dissenting Opinions:

During all of the committee's meetings and deliberations, nobody voiced any opposition.

Recommendations to the Executive Director or CEO:

The Finance Committee knows that a strong financial foundation is crucial to the organization's

future. Accordingly, we urge the executive director/CEO to keep financial management a top
priority and put the committee's suggestions into action. Implementing effective risk

management strategies, like creating and sticking to a detailed budget, are all part of this process.

To ensure the long-term financial health and stability of the organisation, we also suggest that the

executive director/CEO review and adjust investment strategies.

Recommendations to the Board of Directors:

The Board of Directors is encouraged to continue backing the Finance Committee's initiatives

and recommendations for financial management. We suggest that the board regularly discuss and

make decisions about financial matters, including receiving updates on the organization's

financial performance and initiatives. To ensure the long-term financial stability and

sustainability of the organisation, the board must be kept apprised of and actively involved in

financial planning and risk management activities.