The board of directors is the top governing body of a company. The board is responsible for the decision-making process and steers the organization towards its goals. The board of directors consists of senior-level leaders, which are typically elected or appointed by the members. The board’s powers, duties and obligations are governed by the rules of the government and the company’s constitution and by-laws.

An executive committee is a smaller committee with close ties with the leadership and can meet on short notice to discuss urgent matters that affect the organisation and then bring them to the board’s attention. The executive committee may have the same responsibilities and responsibilities as the board on the organizational structure of the company as well as its bylaws.

Typically the executive committee consists of the chairperson, vice-chairperson and treasurer of the board. The chairperson is also the spokesperson and ensures all board and committee activities are in line with the organisation’s mission. The executive committee can also be a good choice if the organization needs to swiftly address repetitive issues or controversial ideas. This group is used for vetting and approving these matters before they are discussed with the board.

It’s crucial, however to ensure that the committee doesn’t assume decision-making power that is properly the responsibility of the board in general. Executive committees should have clearly defined charter, a clearly defined procedure for delegating authority and an internal set of checks and balances.

online board meeting