Diligent Blog

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.

What Is a Nonprofit Board Committee?

Upon first consideration, you may think that the workhorses of a nonprofit organization are the…

The Importance of Having a Financial Expert on the Audit Committee

One of many issues that the financial crisis brought forth was that many board directors…

What Is the Role of a Nonprofit Advisory Board?

To gain a better understanding of the role of nonprofit advisory boards, it helps to…

What Does the Steering Committee Do?

Large and ongoing projects don’t stay on track on their own. A steering committee guides…

Governance Committee’s Role in Corporate Governance

Many words or terms describe the financial marketplace over the past decade — evolving, volatile,…

What Is a Board Committee Charter?

Standing committees for boards should have a committee charter. The number of…

Best Practices for Board Committees

If board presidents could choose one of the top changes they’d like to make to…

The Role of Board Committees

There’s no shortage of items on a corporate board’s agenda. With so many pressures coming…

The Role of the Nomination and Governance Committee in CEO Succession Planning

The career of every CEO eventually comes to an end — sometimes earlier than they…

Responsibility of the Audit Committee During Proxy Season

The main responsibility of the audit committee is to oversee the corporation’s financial reporting. Many…