Committees & Advisory Panels
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
- Committee on Audit
- Committee on Finance
- Committee on Human Resources and Compensation
- Committee on Membership
- Committee on Nominations
- Investment Subcommittee
Trustees are typically appointed to one of these committees after their first year of service.
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 Committee on Audit is responsible for overseeing the independent audit process and the financial reporting process and for ensuring the balance, transparency and integrity of financial information. The committee also reviews 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 Investment Subcommittee 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.
Trustee Advisory Panels
The Board of Trustees has also established the advisory panels listed below to provide guidance and additional expertise in specific areas:
- Advisory Council to the Puerto Rico and Latin America Office
- Community College Advisory Panel (CCAP)
- Advisory Panel on Student Opportunity
The Advisory Council to the Puerto Rico and Latin America Office advises the president of the College Board and the vice president of the Puerto Rico and Latin America Office on the work of the College Board in Puerto Rico and Latin America. The council is composed of College Board members from the Commonwealth of Puerto Rico and the United States.
Community College Advisory Panel (CCAP) was established with the goal of better serving community colleges and the majority of students whose access to higher education is through this sector. Learn more about the Community College Advisory Panel.
The Advisory Panel on Student Opportunity provides the key perspective of students. Composed of secondary school and college students from member institutions, these students advise the College Board on the social, economic, public policy and educational effect of our programs and services. Learn more about the Advisory Panel on Student Opportunity.