Guideline 5. Legal liability of the members of the board

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Legislation, policy or decree establishes the legal liability of the members of the board for failure to discharge their functions.

Guideline code
GG_00800
Mechanism
Mechanism
  • The external authority should have investigative powers.
  • The external authority may establish a protection and legal defence programme for whistleblowers.
  • Stakeholders should be aware of the process to file legal complaints against the members of the board.
Parent
A. Good Governance Guidelines for the Board and Management
Structure
Structure
  • There should be an independent and competent external authority that is responsible to take legal action, when necessary, against the members of the board.

Tags

Title HTML
Guideline 5. Legal liability of the members of the board
Type
Guideline_1
Weight
12