Which statement does not characterize the role of board committees appropriately?

The statement regarding committees that does not characterize their role appropriately is the one suggesting that committees should operate casually without oversight.

In effective corporate governance, committees are typically established to focus on specific areas, such as audit, compensation, or governance. Their critical role depends on formal structures and processes that ensure accountability and thorough oversight. Operating casually undermines the purpose of these committees; they must adhere to established governance practices, maintain rigorous standards, and ensure that their actions align with the broader goals of the organization.

The successful functioning of committees relies on their ability to provide detailed scrutiny and guidance in their areas of expertise. This requires a systematic and disciplined approach rather than a casual one, which could lead to lapses in governance and oversight. Therefore, the assertion that committees should operate without oversight fundamentally contradicts the principles of robust governance that require diligence, transparency, and adherence to regulatory requirements.