A board of directors is a set of people in an organization that is responsible for strategic decisions and planning in accordance with their goals, vision values, mission, and values. The board is accountable for balancing shareholder interests, ensure integrity and plan for the future of an organization.

A subset of the board, the executive committee handles urgent issues and acts as a steering mechanism for the board. It usually consists of a chairperson, vice-chairperson, secretary and treasurer. The chairperson is the leader of the committee and usually the CEO the vice-chairperson supports the chairman, stands in for them when they are not present, and acts as a second-in command. The secretary maintains the committee’s calendar and ensures that all members have access to important documents.

A small group is the basis of an executive committee. They are more flexible and are able to meet on short notice to take decisions in emergencies. This allows the entire board to concentrate on more important issues in their periodic meetings.

An executive committee can be able to handle many routine matters and stand in for the organization in situations that the board is not required to be present, such as the standard www.boardroomsupply.com/tips-to-organize-an-efficient-online-board-meeting/ financial or legal procedures. The committee can be used to test controversial ideas and examine how the company responds to them before bringing it to the entire board. The committee should not serve as an additional power structure. It is important to establish clear delegated of responsibility and internal checks and checks and balances.