BOARD COMMITTEE Meaning and
Definition
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A board committee refers to a small group of individuals appointed by a board of directors to focus on specific areas or functions of an organization. Typically, the purpose of a board committee is to provide expertise, advice, and recommendations to the board in key decision-making processes. These committees are formed to ensure board effectiveness, efficiency, and proper governance.
Board committees are often created to address various areas of importance within an organization. Examples of common board committees include audit committees, compensation committees, governance committees, and finance committees. Each committee is dedicated to overseeing a specific aspect of an organization's operations, policies, or procedures.
Members of a board committee are usually selected based on their relevant experience, knowledge, and skills. These individuals are expected to possess expertise in the specific area the committee focuses on. The committee members typically hold regular meetings to discuss relevant matters, review reports, and make recommendations to the overall board.
The purpose of establishing board committees is to distribute the workload of the board and ensure that important issues receive proper attention and scrutiny. By delegating specific responsibilities to committees, the board can effectively manage and oversee the organization's operations, mitigate risks, and make informed decisions. Board committees play a crucial role in enhancing the board's effectiveness and governance structure.
Etymology of BOARD COMMITTEE
The word "board committee" is a compound term made up of two words: "board" and "committee". Here's the etymology of each word:
1. Board: The word "board" in this context refers to a group of people who are responsible for making decisions and overseeing the functioning of an organization or institution. It derives from the Old English word "bord", which means a plank or flat surface. In the medieval period, a "board" referred to a table or a flat surface where people gathered for discussions or meetings. Over time, this term started to represent the group of people who gathered around the table to discuss and make decisions, eventually leading to its current usage.
2. Committee: The word "committee" comes from the Latin word "comitatus", which means "those who are together" or "accompanying".
Similar spelling words for BOARD COMMITTEE
