Board Of Directors 2 / 7

The board of directors

Roles and Responsibilities

  1. Provide entrepreneurial leadership

  2. Represent company view and account to the public

  3. Determine the company’s mission and purpose

  4. Select and appoint the CEO, chairman and other board members

  5. Establish appropriate internal controls

  6. Ensure that the necessary financial and human resources are in place

  7. Ensure that its obligations to its shareholders and other stakeholders are understood and met

  8. Set the company's strategic aims

In the UK listed companies have to state in their accounts that they comply with the following regulations:

  1. Separate MD & chairman

  2. Minimum 50% non executive directors
    (NEDs)

  3. Independent chairperson

  4. Maximum one-year notice period

  5. Independent NEDs (three-year contract, no share options)

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