By Domenick J. Esposito
8 Steps to Great
Every small and midsized CPA firm requires an executive committee that serves as the key corporate governance mechanism within a firm.
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Said simply, an effective executive committee keeps its nose in but its hands out. In other words, an effective executive committee has the responsibility to be the check and balance over a firm’s operations but isn’t responsible for running the day-to-day activities. That is the responsibility of the firm’s CEO and the firm’s operating or management committee.