Committees of the Board

The National Minority Supplier Development Council (NMSDC) has a number of committees that support the NMSDC Board of Directors and provide oversight and strategic direction for the work of the NMSDC Network.  

Standing Committees

Affiliate Engagement Committee

The purpose of the Affiliate Engagement Committee of NMSDC is established to assist the Board of Directors in fulfilling its responsibilities to ensure the affiliate network is engaged in carrying out the mission of NMSDC.

Audit and Compliance Committee

The Audit and Compliance Committee of NMSDC is established to assist the Board of Directors in fulfilling its oversight responsibilities regarding financial reporting, internal controls, risk management, and compliance with legal and regulatory requirements. The Committee’s primary duties are to provide independent and objective assurance and advice to the Executive Committee and Board to enhance the integrity of the Organization’s financial statements and compliance with applicable laws, regulations, and internal policies.

Governance Committee

The purpose of the Governance Committee of NMSDC is established to assist the Board of Directors in fulfilling its responsibilities to ensure effective governance practices and processes, oversee board member recruitment and nominations, and promote the overall effectiveness of the organization’s board of directors.

Executive Committee

The purpose of the Executive Committee of NMSDC is established to exercise the authority of the Board of Directors over all general policy matters affecting NMSDC when the full Board of Directors is not in session.

Finance Committee

The Finance Committee of NMSDC is established to provide oversight and guidance in financial matters, ensuring the responsible management of the Organization’s financial resources. The committee shall assist the Executive Committee Board of Directors in fulfilling its fiduciary responsibilities, maintaining the financial stability of the Organization, and promoting transparency and accountability. 

MBE Engagement Committee

The purpose of the MBE Growth Committee of NMSDC is established to assist the Board of Directors in fulfilling its responsibilities for making opportunities available for MBEs to grow and expand to meet the changing needs of corporate members. 

Member Engagement Committee

The purpose of the Member Engagement Committee of NMSDC is established to assist the Board of Directors in fulfilling its responsibilities to continue to be mission-focused on creating value for members.

Strategy Committee

The Strategy Committee of NMSDC is established is to provide strategic guidance, advice, and oversight to the Organization, to enhance its long-term success and sustainability, to remain relevant, and to continue to be mission-driven. 

Adhoc Committees & Task Forces

From time to time, the NMSDC board of directors will establish adhoc committees and/or task forces to oversee a particular subject matter for a particular time. Once the committee/task force meets its objective, its findings are reported back to the Board of Directors and then it is sunset.