In these unprecedented times, businesses face more challenges than ever before, from supply chain disruptions to changing consumer behaviors. Amidst all this uncertainty, one key element of corporate success remains constant: a strong board of directors. One of the most important functions of the board is to guide the strategic direction of an organization and ensure it’s operating in the best interest of its stakeholders.

“ With great power comes great responsibility.” This is a famous line you probably associate with leadership and governance, or simply, boards. Boards hold both great power and responsibility over the company they’re serving. Tasked with oversight, they are responsible for checking the progress of strategies and operations. However, the boards themselves, whether for-profit or nonprofit, may also need an entity to oversee them. This is where the governance committee comes in.