COMMITTEES

Section 7.01 Executive Committee. The Executive Committee shall consist of the five (5) officers and the Secretary-Treasurer of the Board. The Executive Committee shall monitor compensation, benefits and personnel policies for the staff; identify strategic issues to bring to the Board; advise staff on day-to-day issues; establish the agenda for Board meetings; map out how the Board’s business should be conducted; and organize the activity of other committees. The Executive Committee is authorized to invest, expend, borrow, and enter contractual arrangements in accordance within the approved budget. The Executive Director will consult with the Executive Committee regarding problems needing rapid resolution.

Section 7.02 Sourcing and Nomination Committee. The Sourcing and Nomination Committee shall consist of: the Past-President who serves as Chair; two (2) NACE members who are serving or have previously served on the NACE Board of Directors; and up to three (3) NACE members at large. Appointees of this committee shall reflect the diversity of the membership and the association's commitment to diversity as a core value. Appointments will be for one year. The Sourcing and Nomination Committee shall implement the sourcing, nominations and elections procedures as outlined in the NACE Policy and Procedures Manual.

Section 7.03 Finance and Audit Committee. The Finance and Audit Committee shall consist of at least five (5) voting members of the Board, including the Past-President who shall serve as Chair, the President-Elect and the Secretary-Treasurer, who shall serve as a non-voting member of the committee. The Finance and Audit Committee shall oversee the NACE financial policies, the annual operating and capital budgets, the review of financial reports, the annual audit and NACE investment strategies as outlined in the NACE Policy and Procedures Manual.

Section 7.04 Other Committees. The Board may create other committees to which it may delegate various functions. The Board shall issue to the committee a specific charge with a definition of the committee’s authority. The Board will ensure the appointment of committees for the governance of NACE including, but not limited to, the Executive Committee.