Get Report To Chairman, Special Committee

Most often a special committee is formed by a target company's board of directors to negotiate and approve (or reject) a sale or change of control transaction.

The chair's report is a welcoming look at the activity during the previous year, welcomes new members and new leadership, and reviews the group's triumphs. Be detailed but brief; describe the biggest achievements with acknowledgements and thanks to everyone involved in those projects.

Special and select committees are created for specific purposes, such as an investigation. Joint committees are formed with members of both the House and Senate. Currently, the House has 20 standing committees and the Senate has 16 standing committees. In the early 20th century, the House had 59 standing committees!

Included should be a list of the committee members. Facts and information obtained should be noted, followed by findings or conclusions derived from such information. Recommendations from the committee are reported to the body of which the committee was formed.

An effective committee report should be concise and clear, only detailing the most crucial information. Use simple language and logically structure your points for easy understanding. Make any necessary changes to the document before drafting the conclusive meeting report.

A committee's role is primarily advisory—they're created to provide insight, information, and advice to the board, to help the board make the most well-informed decisions. The committee can recommend actions to the board, but the board is not obligated to follow the committee's recommendations.

Most often a special committee is formed by a target company's board of directors to negotiate and approve (or reject) a sale or change of control transaction.

Special or Select Committees were originally established by the Senate for a limited time period to perform a particular study or investigation. These committees might be given or denied authority to report legislation to the Senate.