ROLE OF A BOARD
The Role of The Board
At the broadest possible level, the board has two fundamental responsibilities; to ensure compliance and to improve performance
The Role of the Board and the Role of Management are not the same and it is important that issues that requires board involvement are stated as ‘Matters Reserved for the Board’.
The more significant roles for most boards can be described as:
CEO Matters
Select. Monitor and Evaluate
Mentor and guide
Set remuneration and assess
Appoint and remove, as required
Performance Matters
Establish suitable indicators of performance
Monitor on a regular basis
Make strategic decisions based on this information
Strategy Setting/Approval
Provide overall long term direction
Development of specific goals and targets
Risk Management
Ownership of risk management policies and practices
Monitoring and regular update of risk management policies and practices
Compliance
Ensure organization meets all necessary requirements
Operating Framework
Provide leadership to the organization in an appropriate way
Set policy agenda for organization
Endorse direction as appropriate
Communication and Relationship Management
Manage communication with key stakeholder groups, including shareholders and other relevant groups to assist the organization achieve its goals
Crisis Management
Set policy framework for crisis management
Exercise control in times of crisis
BASIC TRAINING TOPICS IDEAL FOR THE BOARD MEMBERS OF A COMPANY
Advanced Selection, Interviewing & Recruitment
Building a High Performance Board
Improving Public Sector Performance Process
Maximize Personal Productivity and Positive Thinking
Critical Thinking, Creativity & Innovation in Leadership
How to set Priorities, Manage Time and Reduce Stress
Job Evaluation & Analysis
Risk Management in HR
Role of HR in Corporate Governance
Essentials of Balanced Score Card BSC
Corporate Governance & Risk Management for States and Local Government
Mastering People Management & Team Leadership
Analyzing Feasibility Studies & Business Planning for Directors
Leading and Influencing Change in the Public Sector
Diversity, Equity and Inclusiveness in the workplace
The Role of the Board and the Role of Management are not the same and it is important that issues that requires board involvement are stated clearly as ‘Matters Reserved for the Board’.
Board Responsibilities
The Board has the final responsibility for the success or otherwise of the company, and in that regard, it is necessary for the board to decide how it should operate to best meet the objectives of the company.
Different Situations of Each Board
No single ‘Role of the Board’ will match every situation. Each board will have different priorities and be at a different stage in development that will require any generic statement to be tailored to reflect the particular organization.