The Committee of Baronets was appointed at a preliminary General Meeting of Baronets, held at the Clarendon Hotel, Bond Street, London on 26th May 1835. The Meeting was instigated by Sir Richard Broun who put forward a case to the assembled Baronets arguing that the Baronets of Ulster and Nova Scotia should have the chance to enjoy the honorary epithet of 'The Honourable' and to have the designation 'Knight and Baronet'.
Sir Richard Broun became the Secretary of the new Committee that, during the next few years, prepared various reports and submitted a number of petitions to the Crown for the privileges of the baronetage. One of the most important of these was that presented to Queen Victoria on the occasion of her Coronation in 1838. It was largely the lack of success of the petition that brought about a change in the Committee.
At an adjourned General Meeting of the Baronets on 15th June 1840, the 'Committee of the Baronetage for Privileges' was founded. This was to be a permanent Committee 'with full authority to attend to, and act for, the common good and benefit of the Order in all matters appertaining to its state and dignity'. Sir Richard Broun became Secretary of the new Committee, which, despite the revised title and status, was as unsuccessful in extending the privileges of the baronetage as the original Committee.