In it’s recent report, the finance committee were critical of the initial stock option.
In its recent report, the finance committee was critical of the initial stock option.
(1) 'it's' = it is, 'its' = possessive of it
(2) in this sentence you are referring to committee as a entity, so you would use the singular conjugation of the verb.
|link comment||answered May 10 '11 at 15:15 Kimberly Expert|
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