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A board of directors is a set of people in an organization that manages strategic planning and decision-making based on their vision, goals as well as their values and mission. The Board of Directors is responsible for balancing the interests of shareholders, keep integrity, and plan for the future of an organization.

A subset of a board, the executive committee is a group that deals with urgent issues and acts as a steering committee for the board. It is typically comprised of three members: a chairperson, vice-chairperson secretary and treasurer. The chairperson is usually the chief executive officer and leader of the committee, whereas the vice chairman assists the chairman and serves as their second in command when they are not there. The secretary keeps minutes, manages the committee’s calendar and makes sure everyone has access to important documents.

By design an executive committee is a tiny group. They are more flexible and are able to meet with short notice to take decisions in the event of an emergency. This allows the board to concentrate their meetings on more important issues.

An executive committee can also handle a variety of routine issues and stand in for the organisation in situations in which the entire board is not required to be present, for instance, standard legal or financial procedures. It is also a way to examine controversial ideas and see how the organization handles them before taking them to the full board. The committee should not function as an additional power structure. It is important to have a clear delegation of authority as well as internal checks and balances.

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