Evaluating Your Board’s Committee Structures:
The Importance of the Governance Committee
Based on my experience, the best board structure is one that is kept as simple as possible. Committees are developed to help the board do the work that is required. The fewer the standing committees, the better.
The Governance Committee, in my opinion, is the most important committee of the board. Here are just a few of the key responsibilities:
- Assess the current and future board composition requirements and develop a profile of the board as it should evolve over time.
- Identify new individuals for the board and reappoint current members.
- Assess board effectiveness on an annual basis.
- Ensure board and chief executive succession planning.
If you missed my webinar on this topic, you can access it here: