An executive committee consists 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 establish the direction for the organization’s strategic plan. They also serve as an intermediary between the board and the CEO. Executive committees are an ideal solution for companies which have a lot of routine issues need urgent action on crucial questions, or don’t want wait until the entire board can meet.
A great executive committee will include senior executives as well as leaders from other committees. The Chairperson of the Board is usually also an executive committee. They are in charge of the agenda for the committee and ensure that all committee and board activities are in line with goals of the business. The person appointed by the committee will also be the committee chairs and serve as the board spokesperson. The number of members of the executive committee will vary from one organization to another. The bylaws of the board should clearly state who will be members of this committee. Research shows that a seven-member committee is the best size to make the most effective decisions.
The executive committee is responsible of establishing governance practices and taking strategic decisions at a high level and providing oversight to management. They also responsibility for training of board members and development. Depending on the size the committee, it may meet on a monthly, quarterly, or as needed basis.
While an executive board is an excellent tool for many non-profit organizations, it’s certainly not a universal approach to board governance. If your board isn’t large or you have a robust board of directors working effectively without an executive committee, you could realize that this kind of structure isn’t required for your company.
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