What boards do
Boards make decisions on behalf of owners/shareholders, beneficiaries and other stakeholders of an organisation. A board's essential role is to lead the organisation safely and successfully into the future.
The board sets the direction for the future and manages risk. The key tasks are
- Setting the purpose and vision
- Setting strategies for achieving the vision
- Recruiting the CEO
- Monitoring performance
- Demonstrating accountability to external stakeholders
Page last updated: Thu, 12 May 2005