Year: 2021

Board meeting minutes record the board of director’s actions and decisions. They serve as an official and legal record of nonprofit board meetings, which means they should include more than a simple overview of discussions. Taking good meeting minutes at a board meeting is an important and fulfilling role. Board meeting minutes are more than a…

On appointment to the Board and to Board committees, all Directors will receive a comprehensive induction on their individual requirements (where applicable) in order to become as effective as possible in their role within the shortest practicable time. These skills and knowledge shall be updated at regular intervals. The induction will be designed by the…

A company’s board of directors is collectively responsible for leading and directing its affairs in order to promote its success. To fulfill this role, the entire board must be well informed about current and likely future performance. This information is routinely communicated through the Board Report, which is typically a paper or electronic document circulated…

Leadership and Integrity The Board shall exercise leadership, enterprise, integrity, and sagacious judgment in directing the Company and will always act in the best interest of the Company so as to achieve continuing prosperity. The Board is responsible for considering the legitimate interests and expectations of its Stakeholders in its deliberations, decisions, and actions. 1.2…

In terms of the design and coverage of the board evaluation, there are at least nine areas that are required to be addressed. As summarised below, these touch on Shareholders and other Stakeholder-interests, the Company itself, legal and ethical issues, the Chief Executive Officer, Board meetings and individual member contributions, the general direction of the…

A conflict of interest may arise where a Board member or close family members such as a spouse, child, parent, or sibling has private interests that could improperly influence the performance of the Board member’s official duties and responsibilities. Conflict may also arise where a Board member uses their office for personal gain. Board members…