A Board Charter is a policy document that states the roles, responsibilities, obligations, duties and powers of the board of directors of a company. A Board Charter is essential for good corporate governance as it serves as a reminder to the board on what is expected of them by the company, its shareholders, stakeholders as well as the law. A Board Charter is also a resource to the Board as it provides for how the Board is supposed to run its operations, resolve its disputes and how to generally optimize its operations efficiently and effectively.
This Charter is drafted in compliance with the principles of good corporate governance and international best practices and may be used by limited liability companies subject to any sector-specific legislation.
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