Tag: committees

Why Your Board Needs a Risk Committee

manage risk committee

With technology growing at rapid rates, organizations in all industries are open to an array of pathways yet to be traveled. Now, this is quite positive. Businesses benefit from previously inconceivable opportunities to increase profits. Unfortunately, it’s not all good news. The world is an increasingly complicated place—and as tech grows at a lightning pace,…

Types of Board Committees

a board committee during a board meeting

The work of a board of directors is accomplished through an array of smaller groups within its sphere.  Boards commonly leverage standing, ad hoc, advisory, steering, and executive committees to ensure optimal efficiency. Every board of directors needs to be diligent about assessing their committee structure. For instance, in a leaner organization, limiting the number…