An executive committee is an association of board members who have close leadership ties and convene to discuss pressing issues that impact the company. They make decisions for the full board and More hints set the direction for strategic planning. They also act as an intermediary between the board and the CEO. An executive committee is the ideal solution for businesses with a lot of repetitive issues that require immediate action on important issues or don’t wish to wait until the entire board can meet.

A successful executive committee will comprise high-level executives as well as the heads of other committees. The chairperson of the Board is usually also an executive committee. They should take the lead in the agenda of the committee and ensure that all activities of the committee and board align with company goals. The person in charge will also choose committee chairs and serve as the board’s spokesperson. The number of members in the executive committee will vary from one company to another. The bylaws of the board must clearly state who will be on this committee. According to research, a group of seven members is the optimal size for optimal decision-making.

The executive committee is accountable for establishing governance policies as well as making strategic decisions at the highest level and providing oversight to management. They also take the role of directing board member training and development. Based on the size of the committee, they could meet quarterly, monthly or on a regular basis.

Although an executive committee is a great tool for many non-profits, it’s not an all-encompassing method of governance for boards. There may not be a need for an executive committee when your board isn’t large or if you have an existing board of directors that do well without one.