FREE 10+ Committee Charter Samples in PDF

FREE 10+ Committee Charter Samples

Committee charters differ per company, mostly because it depends on what the committee needs, but this founding document should essentially contain the tasks and responsibilities of the group. The definition of a committee charter, its samples, and its uses will be explained within this article.

1. Executive Committee Charter

2. Operations Committee Charter

3. Board Standing Committee Charter

4. Governance Committee Charter

5. Development Committee Charter

6. Audit Committee Charter

7. Supervisory Committee Charter

8. Safety Committee Charter

9. Compliance Committee Charter

10. Investment Committee Charter

11. Budget Planning Committee Charter

What is a Committee Charter?

According to an article by Tanecia Jackson, a Committee Charter is one of the many organization documents, a founding document even, that guides committees to deliver and uphold effective governance. Moreover, it defines the committees’ roles, responsibilities, mission, composition, and standard protocols similar to a code of internal procedures.

How to make a Committee Charter?

You might have crafted more than one Committee Charter or you might want to start one now – this article will give you the basics of making a Committee Charter. The following is a step-by-step guide that you use as a reference:

Step 1: Compose the Committee’s Purpose and Objectives

A Committee Charter – whether it’s an investment committee charter, an executive committee charter, an audit committee charter, or a steering committee charter – usually starts with a brief overview of the group’s purpose, including making the committee’s statement of purpose and mission. The goal of this part of the charter is to give a description of the board’s intention for creating a committee and how these intentions relate to the objectives of the committee. The statement of mission could include an outline of the company’s primary objectives.

Step 2: Describe How the Committee Membership is Determined

The next step is to make a section with another description of how the committee membership is determined. According to Director Point, this section includes the committee’s term limits, how the committee’s members and chairperson are determined or appointed (respectively), and the committee’s size limitations and requirements. Also, additional inclusions are the number of board members required to serve on the committee and which committee members are given voting privileges.

Step 3: Make a List of the Committee Roles and Responsibilities

Charters, a board charter, is made to meet the committee’s needs. Most committee charters include a list of the group’s roles and responsibilities which has the information with regards to the degree of autonomy the committee or maybe a compensation committee is allowed to operate. This section also mentions the threshold of decisions they are allowed to make without the approval of the board.

Step 4: Add Internal Governance Practices

Some boards of directors include all the items above while others only include a few. The last section serves as supplemental information which encompasses the committee charter best practices, attendance requirements, meeting frequency in a year, and duration of the committee’s existence. For more convenience, a committee charter template word or committee charter examples like the ones suggested in this article can be utilized.

FAQs

As mentioned in Tanecia Jackson’s article, a committee charter can only be valuable or add value if “they are carefully crafted by the organization’s best interests in mind.”