Board Standing Committees
The Planning and Business Development Committee
The Planning and Business Development Committee is responsible for working closely with the President & CEO in designing and overseeing a strategic planning process that will enable IEDC to deal effectively with strategic issues facing the association in today's rapidly changing world. The Planning and Business Development Committee is also responsible for coordinating the Board's participation in IEDC's operational planning/budget preparation process and for ensuring that IEDC possesses the financial resources required to carry out its strategic and operational plans in a full and timely fashion. In the area of financial resource development, the Planning and Business Development Committee is accountable for maintaining close communication and coordination with any non-Board entity (such as a blue-ribbon committee or even a full-fledged foundation) that might be created for the express purpose of fund raising. Note that preparation of the annual operating budget is a planning function, NOT a finance function, and so the Planning and Business Development Committee should oversee budget preparation. Budget OVERSIGHT is a finance function that is, therefore, assigned to the Performance Oversight/Monitoring Committee (See below).
The Performance Oversight/Monitoring Committee
The Board's Performance Oversight/Monitoring Committee is responsible for working closely with the President & CEO in designing programmatic and financial performance reports that are appropriate for Board review and for monitoring the performance of all of IEDC's programs and administrative units. This committee is also responsible for reviewing and recommending revised and new operational policies meriting Board attention (such as policies to govern the IEDC financial management system and practices).
The External/Member Relations Committee
The Board's External/Member Relations Committee is responsible for clarifying IEDC's desired public image in the eyes of key stakeholders, for overseeing the formulation of strategies to promote the image, for maintaining effective communication and working relationships with key stakeholder organizations, for recommending policy positions in the governmental relations/legislative arena, and for overseeing the formulation of strategies to promote active volunteer involvement in IEDC affairs.