The Board of Trustees oversees the work of a number of committees and advisory councils dedicated to advancing the mission of the College Board.
Trustee Standing Committees
The Board of Trustees maintains the following standing committees:
- Executive Committee
- Audit Advisory Committee
- Committee on Finance
- Committee on Human Resources and Compensation
- Committee on Membership
- Committee on Nominations
- Committee on Investment
- Committee on Governance
Duties Assigned to Trustee Committees
The Executive Committee is empowered to act between the quarterly meetings of the full board, if necessary. At times, it is given specific authority to act on behalf of the full Board of Trustees. The Executive Committee is composed of eight Trustees, plus the chair and vice-chair of the Board of Trustees and the College Board president.
The Audit Advisory Committee is responsible for advising the Board of Trustees on the independent audit process, the financial reporting process and for ensuring the balance, transparency and integrity of financial information. The committee also reviews and advises the Board on the effectiveness of the organization's internal financial control and risk management system, as well as the process for monitoring compliance with laws and regulations affecting financial reporting and its code of conduct.
The Committee on Finance carefully reviews financial statements and issues, including budget, accounting, tax and investment issues, in addition to other financial matters of the College Board. The committee also makes recommendations to the Board of Trustees regarding the fiscal strategy of the organization.
The Committee on Human Resources and Compensation is charged with overseeing the development of compensation and benefit programs and guidelines for the organization.
The Committee on Membership serves as the task force for involving all College Board members in contributing to advancement of the College Board's mission. It develops and participates in the implementation of a two–way communications strategy, with the objective of creating a national clearinghouse on educational equity activities and strategies.
The Committee on Nominations proposes nominees to the Board of Trustees and for the offices of chair and vice–chair of the College Board.
The Committee on Investment is responsible for the oversight of the College Board's investment assets and formulates and oversees its investment policy, subject to approval by the Board of Trustees.
The Committee on Governance is responsible for advising the Board of Trustees on actions and initiatives to help the Board to perform at the highest levels of nonprofit governance.