Finance committees have been a somewhat standard practice in banking and insurance companies, but we now see finance committees becoming more prevalent in other industries as well. Often overseeing big issues like capital allocation, financial risk, and M&A, finance committees also vary widely in their charge from one board to another.
In this episode, Susan Fleming, board member with Virtus Investment Partners and RLI Corp., shares her experience serving on various finance committees:
- What do today’s finance committees typically oversee?
- What questions should boards ask management about the company’s use or cost of capital?