The board of directors is the top governing body of a company. The board of directors is the one that steers the decision-making process, and steers the company towards its goals. The board of directors is made up of senior leaders who are elected or appointed by members. The corporation’s constitution, bylaws and other regulations of the government govern the board of directors’ power and duties.

An executive committee is smaller, more focused group that is closely linked to the executive leadership. They are able to meet with a short notice to discuss urgent issues that affect the organization and then bring the issue to the attention of the board. The executive committee has the same responsibilities and duties as the board, contingent on the structure of the company and its bylaws.

The executive committee is generally composed of three members: the chairperson, the vice-chairperson, and the treasurer. The chairperson also acts as the spokesperson of the organization and ensures that all committee and board activities are in line with its mission. The executive committee may be a good option if the organization is looking to quickly address repetitive issues or controversial ideas. This group could be used for vetting and approving these issues prior to them being discussed with the board.

It is crucial, however, to ensure that the committee does not take on decision-making authority that is properly the responsibility of the entire board. Executive committees must have clearly defined charter, a process for delegating power and internal checks https://boardroomsupply.com/tips-to-organize-an-efficient-online-board-meeting/ and balances.