Final answer:
A standing committee collaborates with the CEO of a fraternity to develop and enhance programs by effectively using volunteers, technology, and business systems for supporting student chapters.
Step-by-step explanation:
The standing committee described in the question appears to be a group that works closely with the Chief Executive Officer (CEO) of a fraternity to enhance its programs. This committee's focus is on the development, implementation, and continuous review of these programs with the aim of efficiently utilizing volunteers and harnessing the power of technology.
Additionally, they work on improvising business systems to provide better support to the fraternity's student chapters. Elements such as strategic planning, volunteer management, tech integration, and business process improvement are critical roles of such a committee.