Role and responsibilities of the board

Abstract

How do effective directors ensure the role and responsibilities of the board they serve are clear? Based on a framework of global corporate governance best practice, which can be used in all organisations anywhere in the world, this chapter of Questions To Ask (QTA) in the boardroom gives a high-level but succinct introduction to the role and responsibilities of boards. All directors should ensure that there is complete clarity of the role and responsibilities of the board they serve, to ensure the board is as effective as possible. The chapter considers what the main role of boards is and what responsibilities come with that role. This includes setting the direction of the organisation, ensuring the right resources are in place; making certain the board performs appropriate oversight; and ensuring the operations of the organisation are well run. The chapter’s introduction leads into outlining the key Questions To Ask in the boardroom, giving the reader further insight into how to initiate discussions about the practical details requiring the attention of the board. The suggested questions cover: setting the direction, resources, board oversight, and board operations.