Definition: is a group of directors that belong to a company’s board of directors that was created to carry out specific functions assigned by the board itself. Such a committee ordinarily deals with tasks that fall under the responsibility of the board of directors, but which it can’t perform itself due to the lack of time or available resources. By delegating certain projects to the committee, the rest of the board can focus on more global matters. The members of such a committee have separate meetings dedicated to their task, during which they consult each other, devise strategies, and check the progress made on their assignment.
In a Sentence:
You should ask Flounder to join the board committee. You’ve been a member of the board of directors for three years now, and we could really use your expertise on the Falcon Arrow project.
Initially, our board committee was tasked with overseeing budget allocation. However, since the number of staff in our accounting department has increased, nowadays, we usually deal with the recruitment of new mid-level management personnel.
Synonyms and related words: ad hoc committee, executive committee, board of directors, nomination committee