The body and its remit
A steering committee is the executive-level group accountable for a programme's direction: it approves stage gates and major changes, arbitrates between competing stakeholders, releases funding, and carries the authority to pause, redirect or terminate the work. Membership typically combines the sponsor, affected function heads, finance, and delivery leadership.
Governance theatre versus governance
Whether the committee governs or performs governance is visible in what it consumes and what it produces. A performing committee receives a curated pack assembled by the team it oversees, hears a status narrative, notes the risks, and approves the recommendation on the table; its minutes are indistinguishable month to month. A governing committee sets its own questions, sees measures the delivery team did not choose, occasionally declines a recommendation, and can name the conditions under which it would stop the programme. The distinction matters most at funding gates, where a committee that has only ever said yes is not making a decision. It is providing a signature.