The board of directors is a top governing body of a company. The board is accountable for the company’s objectives and the decision-making process. The board of directors is comprised of senior leaders who are appointed or elected by members. The board’s powers, duties and obligations are governed by the corporate regulations as well as by the law of the land. constitution and by-laws.

An executive committee www.boardroomsupply.com/how-to-run-a-board-meeting/ is a smaller, more intimate group with close ties with the leadership, who can gather on short notice and discuss pressing issues that affect the organization and then bring them to the full board’s attention. The executive committee can have the same duties and responsibilities as the board, based on the organization’s structure and its bylaws.

The executive committee is generally composed of three members: the chairperson, the vice-chairperson and the treasurer. The chairperson is also the spokesperson for the organization and ensures that all committee and board activities are aligned with its mission. The executive committee can also be an excellent option when the company needs to swiftly tackle repetitive matters or controversial ideas, since this group is able to scrutinize and approve matters before bringing them to the board in its entirety.

However, it’s important to ensure that the committee isn’t able to take on the power to make decisions that, according to bylaws belongs to the full board. An executive committee should have an unambiguous charter, a clearly defined procedure to delegate authority, and an internal set of checks and balances.