There are numerous types of board committees that advise the board and allow directors to be more involved in a specific area of expertise. Types of standing board committees include the audit committee, nomination committee, the finance committee and the executive committee, among others.
The responsibility of a board committee is to divide up the work amongst board members, allowing board directors with specific expertise to focus on key areas and, which allows committee members to better serve the board's needs. The specific needs of board committees help make sure that the board can adhere to the corporate governance principles that they have outlined.
The Role of the Compensation Committee
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What is The Role of the Audit Committee?
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The Importance of Diversity for Good Governance
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What Makes a Good Board Committee for Your Organization?
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How Do You Find New Board and Committee Members?
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Arguments for and Against a Cybersecurity Committee to Work with Board Members
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What Five Things Should Audit Committee Chairs Be Focused on in 2017?
Every new year brings with it new challenges for U.S. corporations, and 2017 is no…