Roles And Responsibilities

Roles And Responsibilities

"SUCCESS" will generally mean long-term increase in value but fundamentally it is up toeach director to decide, in good faith,whether it is appropriate for the company to take particular course of action.

  • The likely consequences of any decision in the long term.
  • The interests of the company's employees
  • The need to foster the company's business relationship with supplier's customers and others.
  • The impact of the company's operation on the community and the environment.
  • The desirability of the company maintaining a reputation for high standards of business conduct.
  • The need to act fairly as between members of the company.
  • The generral knowledge, skill and experience that may reasonably be expected of a person carrying out the same functions as you in relation to the company.
  • The general knowledge ,skill and experience that you actually possess.
  • Determining board composition and organization.
  • Clarifying board and mangement responsibilities.
  • Planning and managing board and board committee meetings,
  • Developing the effectiveness of the board.