CORPORATE GOVERNANCE
ROLES AND FUNCTIONS OF THE CHAIRPERSON
- The Chairperson of the Board and the CEO should be separate
- The Chairperson should be appointed by the Board of directors
- The chairperson is chosen to act as the leader of the Board and to preside over meetings
- The manner in which a Board meetings is conducted, unless specifically laid down in the constitution, may be largely decided by the chairperson
- The Chairperson should be independent non-executive director
Core Functions Include:
- Develop strong working relationship with the CEO
- Ensure there is a clear definition and agreement of the division of responsibilities
- Organise the composition, business and efficiency of the Board
- Enhance the company’s public standing and overall image
- Determines the formulation of an annual work plan for the Board of Directors against agreed objectives and goals
- Ensure the Board has accurate & clear visibility of results achieved and likely future trends
- Ensure effective relationships are maintained with all major stakeholders
- Lead the Board in the determination of its strategy & in the achievement of its objectives without limiting the principle of collective responsibility for decisions of the Board of Directors
- Ensure Board Committees are properly established, composed and operated
- Monitors and evaluates the Board Of Directors and its Committees
- Plays an active part in setting the agenda for Board of Directors meetings:
- Normally in conjunction with the CEO
- Acting as the official channel of communication between the GDF and the Funder (SIOC-cdt)
- Acts as the main informal link between the Board of Directors and management, and particularly between the Board of Directors and the CEO
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