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One Committee That You Do Not Need: The Executive Committee
- Article from:
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Hoosier Banker
- Article date:
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June 1, 2004
- Author:
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Copyright informationCopyright Indiana Bankers Association Jun 2004. Provided by ProQuest LLC. (Hide copyright information)
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Every board member wants to be on the executive committee. That's where the real power of the board rests. As a director, you have arrived when you become a member of the executive committee, and you hold onto your perks as long as you can, with fingernails and toenails gripped firmly into the mahogany board table.
It is my recommendation that the executive committee be disbanded and discarded. just get rid of it. If all board members believe the executive committee is the seat of power and the most prestigious committee, they will not be easily convinced to serve on other committees that are as important, if not more important, than the executive committee. Moreover, in the financial ...
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