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An executive committee is comprised of board members with close leadership connections who meet to discuss urgent issues that impact the organization. They make decisions for the entire board and establish the direction for the organization’s strategic plan. They also act as an intermediary between the CEO and the board. An executive committee is an ideal solution for companies that face a number of routine issues, require immediate decision-making on crucial issues or don’t wish to wait until the entire board is seated.
A successful executive committee will include top executives as well as the heads of other committees. The chairman of the Board is typically also an executive committee. They are in charge of the agenda of the committee and ensure that all board and committee actions are in line with company’s goals. The person in charge will also serve as the spokesperson for the board and will also appoint committee chairpersons. The number of members in the executive committee may differ from one company to another. The bylaws of the board must clearly state who will be members of this committee. Research shows that a seven-member committee is the most effective size for optimal decision-making.
The executive committee is responsible for establishing governance practices as well as making strategic decisions at the highest level and providing oversight to management. They also have responsibility for the development and training of board members. Depending on the size the committee, it may meet on a monthly and quarterly or as needed basis.
Although an executive committee is an effective tool for many non-profit organizations, it’s certainly not an all-encompassing method of governance for boards. You might not require an executive committee in the case of a small board or you have a board of directors that are able to function without one.
