Roles and responsibilities of active board of directors:

  • Representing the stakeholders to review reports from management on company’s performance periodically.
  • Giving advice to management with the goal to maximize stakeholders’ wealth.
  • Voting on major decisions of the company including hiring new executives
  • Providing financial support for the existence of the company through investment or donation
  • Setting up legal presence of the company and take responsibilities as owners
  • Writing companies policy, procedures and ethical guidelines