CONCACAF creates new Audit & Compliance Committee
26 Oct 2012
The Confederation of North, Central American and Caribbean Association Football (CONCACAF) has announced the creation of an Audit & Compliance Committee as it continues efforts to turn its back on its recent difficult history.
CONCACAF said the committee’s primary function is to confirm the accuracy of the Confederation’s financial accounting as well as to examine its financial statements, consolidated financial statement and the external auditor’s report. Leighton McKnight, a managing partner at PricewaterhouseCoopers in Jamaica and former president of the Institute of Chartered Accountants of Jamaica, will chair the new body.
CONCACAF is now moving forward under the new leadership of president Jeffrey Webb and general secretary Enrique Sanz following the controversial tenure of Jack Warner and Chuck Blazer. Blazer had served as general secretary since 1990, but resigned in January after his bribery accusations against former CONCACAF president Warner and Asian Football Confederation (AFC) president Mohamed bin Hammam triggered FIFA’s anti-corruption crusade. “As part of the new CONCACAF’s commitment to inclusiveness, accountability and transparency, we have created a Committee that will ensure we remain vigilant and committed to developing the game,” said Webb. “This committee is comprised of individuals with the highest levels of integrity and competence, and they will help strengthen CONCACAF’s future.”
McKnight added: “I am deeply honoured and very excited to be invited to assist in improving corporate governance in CONCACAF. This critical organisation in our region has faced significant governance challenges in the past, but now has the opportunity to positively shape its future. I eagerly look forward to making my contribution as a part of the team, adding significant value to the rebuilding process.”