structure and requirements for an effective board of directors 1 it should be clearly noted that in terms of the companies act all directors executive and non executive directors have ...
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...Structure and requirements for an effective board of directors it should be clearly noted that in terms the companies act all executive non have a statutory duty to promote success company benefit its members as whole characteristics wishing do ipo well functioning boards are teams led by chairman public must carefully selected managed taking into account group dynamics needs business succession planning is very important clear policy documented refined corporate strategy most likely developed delivered team encouraged work together stakeholders role has become much higher profile expectations increased quite rightly shareholders now expect engaged energetic charismatic involved who does more than simply manage governance process chairmanship undoubtedly hinges on relationship with ceo which centred honesty trust transparency based mutual understanding both parties distinction between their two roles chairmen good knowledge provide constructive level challenge need comprehend they not ...