This includes oversight of financial performance, risk management, compliance, and corporate governance, Guidelines for the frequency, scheduling, and conduct of board meetings, including quorum requirements, voting procedures, and minute-keeping, The extent to which the board can delegate its responsibilities to committees or management, along with monitoring mechanisms, Expectations for directors’ conduct, including adherence to ethical standards, confidentiality, and conflict of interest policies and Procedures for evaluating the performance of the board, individual directors, and committees.
A Board Charter is essential for promoting transparency, consistency, and efficiency in board operations, thereby enhancing the overall governance and strategic oversight of the company.
