Establish and implement a process for assessing the performance of the CEO. Review compensation and benefits issues, serve as sounding board for sensitive staff issues, determine mutually agreed-upon performance goals.
Create a strategic plan for the organization. Major recommendations are presented to the full board for action.
Oversee financial tasks such as major purchases, insurance, contracts, approval of salary and benefits guidelines. Duplicate signatures are required on checks over $5,000; Executive Committee members will be called upon to perform second signature duty from time to time.
Ensure a financial audit form an independent accountant occurs each year; assist with document preparation as needed.
Unless a separate search committee is called for, the executive committee ususally assumes the lead in replacing the CEO. The candidate will then be presented to the full board for approval.
Should address and adopt policies relating to values & ethics; conflicts of interest, code of ethics, rules of good standards and best practices, ect...
Evaluate the progress and effectiveness of the board of directors as a whole, making sure it carries out its fiduciary responsibilities. Keep board meetings focused on appropriate topics.
Establish all other taskforces or ad hoc committees as needed.
Notify the committee chair, or the office, if for some reason you cannot attend the scheduled meetings.