Corporate committees are smaller groups of people that advise the board of directors and management teams in a specific area of operations.

Committees should have very well-specified objectives, as well as work schedules and presentation meetings, always led by a leader who is the focal point with the Board of Directors.

The number of committees and who participates in them should be regularly reviewed to ensure there are no overlapping responsibilities.

Some committees may be permanent, while others are ad hoc, existing for a certain period of time and can be dissolved when the objective is achieved.

𝗧𝗵𝗲 𝗺𝗼𝘀𝘁 𝗰𝗼𝗺𝗺𝗼𝗻 𝗰𝗼𝗺𝗺𝗶𝘁𝘁𝗲𝗲𝘀, 𝗶𝗻 𝗼𝗿𝗱𝗲𝗿 𝗼𝗳 𝗿𝗲𝗹𝗲𝘃𝗮𝗻𝗰𝗲, 𝗮𝗿𝗲:

A. Crisis and Critical Issues Committee (reputation, image, market, credit and liquidity crisis, supply crisis, sourcing, and logistics);

B. Market Assessment and Product Positioning Committee;

C. Financial Committee, mainly in crisis companies;

D. Risk, Audit, and Compliance Committee;

E. Corporate Governance Committee;

F. Compensation Committee.

𝗪𝗛𝗔𝗧 𝗠𝗔𝗞𝗘𝗦 𝗔𝗡 𝗘𝗙𝗙𝗘𝗖𝗧𝗜𝗩𝗘 𝗖𝗢𝗠𝗠𝗜𝗧𝗧𝗘𝗘: 

The main characteristics of an effective board committee should be:

A. It has a purpose and clear objectives;

B. It has a leader who is the liaison with the Board of Directors;

C. It understands that its role is advisory and does not make decisions;

D. It has an evaluation process.

𝗭𝗘𝗥𝗢-𝗕𝗔𝗦𝗘𝗗 𝗖𝗢𝗠𝗠𝗜𝗧𝗧𝗘𝗘𝗦:

Some organizations operate a zero-based committee structure, meaning each year starts from scratch, and new committees are created only when necessary.

This prevents stagnation and ensures the dissolution of unnecessary committees.

"Terus, intelligence, advisory, concrete cases, and decisive actions!"

Contact Terus right away: contato@terusconsultoria.com.br / (11) 2503-6747.

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