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As a new Board in the early stages of administration, we're looking to form various committees. Regarding an interview committee for potential sublets and shareholders, are they usually comprised of all Board members, all shareholders, or a combination. I would welcome any feedback on your committee formation and its positives/negatives. Thanks
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Committees are what you make of them. They can be a selection of Board member or one Board member and all others Shareholders. Some buildings, I'm sure, have committees that are made up on entirely Shareholders without a board presence.
A committee is useful because it makes it easier to break down the large amount of work in between meetings and can ease the burden on the rest of the Board. The committee has no power to vote for the Board, their power lies in their recommendations to the Board and then the Board makes the final decision based on the research or experience of the committee.
Short answer, a committee can be any flavor that the Board wishes.
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