Corporate Governance · glossary
A small group of directors given one piece of the board's work under written terms of reference. Every member is a non-executive, and an Independent Director chairs it. A committee recommends and the board decides, unless its terms of reference say otherwise, and it never decides a Matter Reserved. Charter §6.2 · Charter §6.3 · Chapter 7
Explained in Chapter 7, Committees and Controls: The Split Purchase Orders, of Corporate Governance.
A committee is a small group of directors to whom the board gives one piece of its work. A committee's terms of reference say what it does, who sits on it and what, if anything, it may decide. Only the board adopts or changes them (Schedule A, item 14). Brackenholme has two standing committees, meaning permanent ones: Audit & Risk (Schedule C) and Remuneration (Schedule D).Read Chapter 7, Committees and Controls: The Split Purchase Orders →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Corporate Governance and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Corporate Governance → · All terms A–Z →