Page 176 - F1 - AB Integrated Workbook STUDENT 2018-19
P. 176

Chapter 11





                            Committees






               4.1   Definition


                             A committee is a group of people who are appointed to administer,
                             discuss or make reports concerning a subject.




               We have considered two committees that are required as part of corporate
               governance – the audit committee and remuneration committees.


               How are these committees, and indeed committees in general, run?


               4.2   The purposes of committees

               Purposes of committees include:




                                                     Decision
                                                      making


                                   Relaying
                                decisions and                        Consultation
                                 instructions


                                                      Tasks

                             Brainstorming

                                  – free                                Providing
                              exchange to                              advice and

                             generate new                              information
                               ideas and
                              approaches           Participative
                                                     problem
                                                      solving










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