A more thorough explanation:

An executive committee is a group of principal officers and directors who directly manage an organization's affairs between board meetings. They are responsible for making important decisions and overseeing the day-to-day operations of the organization.

For example, a corporation may have an executive committee made up of the CEO, CFO, and other top executives. This committee would be responsible for making decisions about the company's finances, operations, and strategic direction.

Another example is a non-profit organization that has an executive committee made up of the president, vice president, and other key leaders. This committee would be responsible for managing the organization's programs, fundraising, and outreach efforts.

Overall, an executive committee plays a crucial role in ensuring that an organization runs smoothly and achieves its goals.