The Board of listed companies provide oversight over management on behalf of the shareholders. Independence is therefore a key requirement of the Board. In terms of the organisation of the Board, it will discharge a number of its responsibilities through sub-committees however, in the UK, the Board in plenary is responsible for oversight and governance of risk management.
Key learning objectives:
What is the structure and responsibilities of the Board?
What are the main sub-committees and their responsibilities?
How does the Board discharge its oversight role?