An executive committee is an organization of board members who have close leadership ties and convene to address urgent matters that affect the company. They make decisions for the entire board, and set strategic direction. They also act as a liaison between the board of directors and the CEO. An executive committee could be an ideal solution for companies that have a lot of routine issues, require immediate actions on crucial issues, or don’t wish to wait until their entire board meets.

A good executive committee should comprise senior executives and leaders from other committees. Typically the chairperson of the board will serve on the executive committee, too. They are the ones in charge of setting the agenda of the committee and ensure that all board and committee activities are aligned with the goals of the company. The person in charge will also serve as the spokesperson for the board and will also appoint chairpersons of the committee. The number of members on the executive committee may differ from one company to another. However, the bylaws of the board must clearly define who is a member of this committee. According to research, a committee of seven members is the optimal size for optimal decision-making.

The executive committee is in charge of establishing governance procedures and taking strategic decisions at a high level and providing oversight to the management. They are also responsible for the development and training of board members. Based on the size of the group the committee, it may meet monthly, quarterly, or as needed basis.

Although an executive committee can be a beneficial tool for many non-profits and organizations however, it’s not a solution that works for all. It’s possible that you don’t need an executive committee in the www.boardroomsupply.com/how-to-run-a-board-meeting/ case of a small board or you have a board of directors that work well without one.