Back to Resources
The basic responsibility of the Board is to act in the best interests of the corporation and its shareholders. This includes:
- Setting the corporation’s values and standards of conduct and ensuring that these are adhered to.
- Providing leadership for the corporation within a framework of prudent and effective controls.
- Setting the corporation’s direction, strategies and objectives.
- Monitoring management’s performance and implementation of strategy.
- Ensuring an effective system of corporate governance exists.