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Board Reports A company’s board of directors is collectively responsible for leading and directing its affairs 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…

Board Governance Guidelines Leadership and Integrity The Board must exercise leadership, integrity, and sound judgment in directing the Company. Every decision should prioritize the Company’s long-term prosperity and take into account the legitimate interests of stakeholders. The Board is responsible for: Ensuring senior management fosters a culture of ethics and accountability. Embedding company values in…

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…

A code of conduct outlines the behavior expected from committee members. It is useful when a new committee is elected to agree to a code of conduct to underpin how committee members should behave towards one another both during and outside of meetings.  It is good to have a framework in place because it helps…

The Boards Calendar displays the current and the two following months of the Executive Directors’ work program in a monthly format. It covers all company formal business. All items in the Board calendar are tentative and subject to change. The schedule includes: The organization or committee that will discuss the items The items to be discussed The…