The Chartered Governance Institute model terms of reference—executive committees
The Chartered Governance Institute model terms of reference—executive committees

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • The Chartered Governance Institute model terms of reference—executive committees
  • Model terms of reference
  • The Appendix
  • General Purposes Committee

This document has been reproduced by kind permission of The Chartered Governance Institute (formerly known as ICSA: The Governance Institute) (CGI), Saffron House, 6-10 Kirby Street, London, EC1N 8TS, www.icsa.org.uk.

CGI’s model terms of reference, reproduced in this Precedent document, have been extracted from The Chartered Governance Institute guidance on terms of reference for executive committees.

Model terms of reference

  1. 1

    Purpose and Authority

  2. The purpose of the Committee is to assist the Chief Executive in the performance of his/her duties within the bounds of their authority, including:

    1. the development and implementation of strategy, operational plans, policies, procedures and budgets;

    1. the monitoring of operating and financial performance;

    1. the assessment and control of risk;

    1. the prioritisation and allocation of resources;

    1. monitoring competitive forces in each area of operation.

  3. 2

    Membership

  4. The Committee shall be made up of the Chief Executive [and such other individuals as he may determine, including, but not limited to the Finance Director, other executive directors, Chief Operating Officer, the heads of each business division, human resources, risk, IT, strategy, operations, group legal, and the company secretary.]

    Others may be invited by the Chief Executive (or in their absence, his or her deputy) to attend all or part of any meeting.

  5. 3

    Chair

  6. The Chief Executive