Board Committee
A smaller group of board members designated to focus on specific governance areas and report findings or recommendations to the full board. Common board committees include the audit committee, compensation committee, nominating/governance committee, and risk committee. Committees allow boards to divide complex responsibilities efficiently and ensure that specialized topics receive dedicated attention from directors with relevant expertise.
Related Terms
A specialized committee of the board of directors responsible for overseeing financial reporting, internal controls, and...
A board committee responsible for setting and overseeing executive compensation, including salary, bonuses, equity grant...
A board committee (often combined with the nominating committee) responsible for overseeing corporate governance practic...
A group of individuals elected by shareholders to govern a corporation, set strategic direction, and oversee management ...
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