Legislation, policy or decree defines the powers and responsibilities of the board. The powers and responsibilities of the board are clearly delineated from those of the management. There are no areas of ambiguity, dilemma or conflict of interest.
Guideline code
GG_00400
Mechanism
Mechanism
- The supervisory authority or external regulatory body should conduct regular and periodic reviews to ensure the appropriate performance of the board.
- The supervisory authority or external regulatory body should ensure conformity to the separation of powers and responsibilities between the board and management.
Structure
Structure
- There should be a supervisory authority or external regulatory body to ensure the appropriate performance of the board.
- There should be a supervisory authority or external regulatory body to ensure conformity with the mandated separation of powers and responsibilities between the board and management.
Title HTML
Guideline 1. Powers and responsibilities of the board
Type
Guideline_1
Weight
8