An executive committee is a group of board members with close relationships with the leadership team and meet to discuss pressing issues that affect the company. They make decisions on behalf of the whole board and shape strategic direction. They also serve as a bridge between the board of directors https://boardroomsupply.com/how-to-run-a-board-meeting/ and the CEO. An executive committee is an ideal solution for companies which have a lot of routine issues, require immediate action on critical issues, or don’t want to wait until the entire board can meet.
A good executive committee will comprise senior executives and leaders from other committees. Typically, the chairperson of the board is on the executive committee, too. They are the ones in charge of setting the agenda for the committee and ensure that all committee and board activities are in line with the goals of the company. The person appointed by the committee will also be the committee chairs and serve as the spokesperson for the board. The number of members on the executive committee will vary from one organization to another organization. However, the bylaws of the board must clearly define the members of the committee. Research suggests that a seven-member committee is the best size for optimal decision making.
The executive committee is accountable to establish governance practices and making strategic decisions at a high level and giving oversight to management. They are also accountable for the training and development of board members. Depending on the size of the committee they could meet monthly, quarterly or on a regular basis.
Although an executive committee can be an effective tool for many non-profits and organizations but it’s not a solution that is suitable for all. If your board isn’t large or you have a thriving board of directors that operates effectively without an executive committee, you might realize that this kind of structure isn’t needed for your organization.