Who is "the MD"?
I was on a committee like this once and it was brutal because the head of the committee had his own ideas and then he just wanted to have meetings to build support for his ideas. He would say, "new ideas are welcome", but anyone who gave truly new ideas that were outside of what he was trying to accomplish, he would shoot them down. You can't have an effective innovation team if the people on the team are not innovators. That's just common sense. So, you must get people on your committee that are true innovators and then one (or more) of you is going to have to step up and take the lead in pushing the new innovations aggressively with the powers that be in the larger organization, even if it's not your strength to do so. Don't hand off the task to someone who will short-circuit the innovation in favor of following protocol, making bosses happy, getting their name on the innovation, etc. Nobody will go to bat for a cause they believe in...better than you...or better than the person who actually believes in it. The quickest way to kill innovation is to get a bunch of people together who are "goal oriented" and "in a hurry to come to a decision", etc. You have to get people together who will enjoy sitting down and thinking on things in an open-ended manner, contemplating (with no pressure to hurry up). Creativity is about brainstorming, tossing ideas across the table at each other. And also, allow for "individual time" for the introverts. Introverts don't necessarily do their best thinking "in group think". They need to have meetings, brainstorm, and then go home and brainstorm some more on their own. Then they'll report back to you tomorrow or the following week on some really cool things they've thought of.
1. Set up the team with truly innovative, creative people.
2. And then let those people do what they do best...innovate! Play to their strengths as individuals rather than "adhering to normal protocol", etc.