Online training course: The basics of finance committee work – how to organise participation in economic affairs

A finance committee should be set up in all companies which normally have more than 100 permanent employees. The role of the finance committee is to consult with the employer on financial matters and report to the works council. The finance committee is the statutory instrument of employee representation for participation in economic matters.

In addition to presenting the legal rights and duties of the finance committee, this training seminar deals with typical problems encountered by the finance committee. You will learn how to plan and organise the work of the finance committee in a practical way. Selected business terms and their significance for employee representation will be explained.

Through this training seminar, you will learn how to address the structure and content of annual financial statements and their main components: the balance sheet and the income statement. The strategic importance of the economic committee to the task of workplace representatives will be dealt with and discussed.

The training course at a glance:

• The legal basis for the work of the finance committee (§§ 106 ff. WCA): The finance committee as an auxiliary body of the works council
• Planning and organising the work of the finance committee: Development of rules of procedure and ways of organising and planning work.
• Economic affairs: What information is the finance committee entitled to? What are the employer's information duties?
• Possibilities of enforcing the information and consultation rights of the finance committee
• Introduction to the requirements and principles of the annual financial statements and the profit and loss account and basic principles of international accounting
• Assessment of the economic situation and corporate development by the members of the finance committee