i. The board should discuss and direct the business's strategic aims, assure that the basic assets are in place for the company to hit its goal and scrutiny management performance.
ii. The board should fix the company's principles and standards of procedures, and ensure that its liabilities to its shareholders and other collaborators are fully agreed and met.
iii. The board is backed by a appropriately qualified and capable Company Secretary to support sound governance advice, assure follow to rules and procedures, and exponent adoption of corporate governance best bets.
iv. The board formed a Code of Conduct and Ethics for the company along with management actions on its policies and procedures, which include managing conflicts of interest, preventing the maltreatment of power, fraud, rigged market and smurf.
v. The board set up, discuss and together with management execute policies and actions on faulting.
b) ROLE OF CHAIRMAN
i. Providing leadership for the board that enable the board to perform its duties effectively.
ii. setting the board agenda and certify the board members get fully and precise info in a timely manner.
iii. Holding board meetings and discussions;
iv. Promote active participation and permitting opposing views to be freely convey;
v. Guiding the communication between board and management.
vi. Ensuring applicability process are taken to allow effective communication with investors and their suggestions are acknowledged by the board as a whole; and
vii. Guiding the board in founding and scrutiny best corporate governance practices in the business.
14
No comments:
Post a Comment