The Finance Committee is led by the board treasurer to oversee the creation of the budget, monitor and report on the financial status and activities of the agency, ensure the financial policies and practices are followed, and oversee investments. The finance committee usually includes the CFO and the number of members depends on the size and financial complexity of the organization
The Board Development or Governance Committee is often a standing committee that oversees the identification, recruitment, orientation, training, and retention of board members. This committee looks for opportunities to strengthen and evolve the board’s effectiveness, capacity, composition, and ability to lead the organization into the future.
A Fundraising and Financial Resource Development Committee works closely with staff to create and implement the financial resource plan that will guide the staff and board’s activities in seeking out and securing funding from diverse sources. Special event committees are often a subcommittee of the Fundraising and Financial Resource Development Committee, and they often include non-board members. This committee may also take the lead in working with the other board members to explore the best ways they can contribute to the fundraising effort.
A Marketing/Communication Committee works closely with staff and other board committees to develop and implement a marketing/communications plan that articulates the primary audiences for the organization, how best to reach them, and what they most care about. The committee monitors the presentation of the organization’s brand, and ensures that the products, services, and programs of the organization remain relevant to the audience.
Ad Hoc Committees/Working Groups/Task Forces
The board may also organize special, or ad hoc, groups for specific purposes and for limited duration. These working groups are made up of board members (and may also include non-board members) who volunteer or who are appointed by the President or Chair of the board. These bodies will usually carry out their assigned functions, make recommendations to the entire board, and disband.
Two examples are:
- Strategic Planning
Learn and understand more about the steps and procedures undergone in order to form a new committee.