What is an executive committee?
An executive committee is a group of elected leaders who act as a steering panel for the board. As well as being a liaison between the board and a company’s day-to-day management, they also can make decisions on their board’s behalf and provide recommendations for any issues the organization might be facing.
In their liaison capacity, the executive committee will oversee board policies and ensure the company adheres to good governance practices.
It is often composed of senior-level executives (those at the C-level and heads of departments) but can also include people who the board appoints. Some organizations might even hold elections for some of the positions.
The committee prioritizes rising problems for the board, specifies the schedule or agenda for board meetings and may act in place of the board during emergencies when board members aren't readily available.