Board Committee
Board committees normally function independently from each other, are provided with sufficient resources and authority, and are evaluated by the board of directors.
THUS board committee are a subset of the board and perform specific functions that assist the board in discharging its advisory and oversight responsibilities.
Public companies usually have the following board committees:
• Audit committee
• Compensation committee
• Governance committee
• Nominating committee
• Disclosure committee
• Other standing or special committees