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Hi
IS Board Committee diff from BOD??I thought the two are same,but recently I am puzzled.
One kind of learning material said that
1)Board Committee give advices to BOD.
2)Board Committee is not involved in the coporate decision making,which is done by BOD.So,can anyone help me?
Just tell me the answer and the reason.
Thax 🙂- Topics: 0
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Board of directors (NED or ED) are part of Board.
Board have sub Committes which included Board members
Remuneration Committee consist of NED
Audit Committee consist of Independent NED
Risk Committee consist of Executive Directorshope this will help you
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BoD refers to the entire board of directors as a whole. That means all of them. Most texts, when they refer to the Board, Director(s) and the Board of Directors, use the term interchangeably.
Board Committees refers to different committees within the board itself that handles specifically delegated roles. Example would include:
[ol]Remuneration Committee
Audit Committee
Nomination Committee
Risk Committee[/ol]Hope that clarifies it for you.
The two posts in reply seem to distinguish the two separate titles. Board committees are sub-committees comprising board directors. these su-committees will report back to the full board.
Sorry – should have said “seem to distinguish the two separate title pretty well”
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@mikelittle said:
The two posts in reply seem to distinguish the two separate titles. Board committees are sub-committees comprising board directors. these su-committees will report back to the full board.You are correct, the sub-coms report to the full board.
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