Resources Committee Terms of Reference

1. Purpose
The Subcommittee shall develop, recommend and advise the Governing Committee with respect to:
1.1 Policy on all matters related to the finances of SEAMO. Such matters shall include allocation and reallocation of SEAMO funds to departments, including funds for employment (T4) and self-employment (T4A) income . Examples include:
1.1.1 policy on the establishment of SEAMO funded income support levels for all clinical faculty members;
1.1.2 policy on the establishment of leave policies. Examples include Maternal, Parental, Sick, and Adoption;
1.1.3 policy with respect to the disposition of SEAMO funded T4 and T4A components at the time of leave (death, retirement, resignation, negotiated leave, sabbatical leave, parental leave);
1.1.4 policy with respect to the creation of new positions, and the replacement of existing positions;
1.1.5 policy with respect to billing activities that impact on SEAMO finances;
1.1.6 policy with respect to fiscal issues which would impact upon SEAMO by any of the signatories to the SEAMO Agreement;
1.2 Policy with respect to sources, size and disposition of the year-end Reserve Fund;
1.3 The annual operating budget of SEAMO, which will also be reported to the School of Medicine Council;
1.4 The annual audited financial statement, which will also be reported to the School of Medicine Council.
1.5 Ensuring consistency between the SEAMO Staffing Plan and the staffing plans of the SEAMO member organizations.

2. Responsibilities
The Subcommittee:
2.1 shall meet at least quarterly;
2.2 shall report to the Governing committee at least quarterly;
2.3 shall review its terms regularly;
2.4 shall operate in close collaboration with standing Subcommittees of SEAMO;
2.5 shall consult widely, in particular with departments in areas where expertise to complement and extend that of the Committee is available.
2.6 May invite the involvement of the Dean and associate deans, the hospital CEO’s and Chiefs of Staff as appropriate.

3. Membership
Membership shall include:
3.1 The President of CTAQ;
3.2 Two other members of the Governing Committee;
3.3 A clinical department head, who is not a Governor;
3.4 The Chair of the Deliverables Committee (who may or may not be a Governor);
3.5 An individual in hospital management (who may or may not be a Governor);
3.6 The Chief Financial Officer;
3.7 The Vice Dean Academic.

3.8 With the exception of the Chair of the Deliverables Committee, no member of the Deliverables Committee or of the Nominating and Governance Development Committee shall serve on the Resources Committee.

4. Chair
The Chair shall be selected from among the members who serve on the SEAMO Governing Committee.


In applying the criteria of the Recruitment Guidelines the following test will be applied:

1. Does the proposed position description:
• Match a priority identified in the Faculty's Strategic Plan?
• Match a priority identified in the Strategic Plan of one or another of the Hospitals?

2. Does the proposed position description (clinical):
• Contribute to - a regional program

3. Does the proposed position description (educational):
• Contribute to - a general residency training program
• How centrally/closely?
• Directly or indirectly?
• Parent or complementary discipline?

4. Does the proposed position description (research):
• Contribute to - an identified research strength?
5. What priority does the unit concerned attach to the position given its:
• Educational priorities (out of how many?)
• Clinical service priorities (out of how many?)
• Research priorities (out of how many?