Board Committee
/ˈbɔːrd kəˌmɪt.i/
Definitions
- (n.) A subgroup of a corporation's board of directors delegated to oversee specific areas such as audit, compensation, or governance.
The board committee recommended changes to the company's executive compensation plan.
Forms
- board committee
- board committees
Related terms
See also
Commentary
Board committees are essential for dividing oversight responsibilities; charters should clearly define their scope and authority.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.