News & Events
Executive Committee Vs Board of Directors
- December 3, 2024
- Posted by: maile
- Category: Uncategorized
An executive committee is made up of board members with close leadership connections who meet to discuss urgent issues that affect the organization. They make decisions for the entire board and set the direction of the company’s strategy. They also act as a bridge between the board of directors and the CEO. Executive committees are a good solution for organizations which have a lot of routine issues need immediate action on urgent issues, or don’t want to wait until the entire board is able to meet.
A well-functioning executive committee will include high level executives and members of other committees. Typically the chairperson of the board serves on the executive committee too. They should lead on the agenda for the committee and ensure that all board and committee activities align with the company’s objectives. The person in charge will also choose committee chairs and serve as the board’s spokesperson. The number of members on the executive committee may differ from one organization to the next. The bylaws of the board should clearly specify who will sit on the committee. Research has shown that a seven-member committee is the ideal size for optimal decision-making.
The executive committee is responsible of establishing governance procedures, taking high-level strategic decision and providing oversight to the management. They also have responsibility for the development and training of board members. Based on the size of the committee, they might meet monthly, quarterly or on a regular basis.
While an executive committee may be an effective tool for many non-profits and organizations but it’s not the best solution for all. If your board isn’t large or you have a solid board of directors who work effectively without an executive committee, you may find that this type of structure isn’t needed for your organization.