24. Establishing Committees on the Board
Depending on the size of the School, the Board may wish to establish committees to maximise efficiency and effectiveness.
The most common committees are:
- finance and audit committee
- nomination and succession committee
- asset management / property committee
- fundraising committee
- remuneration committee
- risk management committee
- executive committee.
The roles, responsibilities and reporting requirements for each Committee should be outlined in individual Committee Charters, the structure of which can be based on the Sample Board Charter.
Although it is acknowledged that people who are acting in a voluntary capacity will want to minimise rather than expand the number of committees, larger Schools may wish to appoint an Executive Committee and further split the functions of the abovementioned Committees.
Where an Executive Committee is appointed, it will usually comprise the Chair, a Deputy Chair (if there is one), the Principal and the Finance Committee Chair. It is usually charged with the responsibility for the day to day overseeing of the Board’s strategy and policies.