Legislation, policy or decree defines the powers and responsibilities of the management. The powers and responsibilities of the management are clearly delineated from those of the board. There are no areas of ambiguity, dilemma or conflict of interest.
Guideline code
GG_03100
Mechanism
Mechanism
- The board or external supervisory authority should conduct regular and periodic reviews of the management’s performance using established standards and benchmarks.
Structure
Structure
- Usually, it is the board that supervises and exercises oversight on the management.
- In some cases, an external supervisory authority may be tasked to supervise and exercise oversight on the management.
Title HTML
Guideline 22. Powers and responsibilities of the management
Type
Guideline_1
Weight
35