1.1 Governance roles and responsibilities
exam Questions with answers 100% verified
board of directors ✔✔ elected or appointed team of individuals used to direct and control the
organization's operations on behalf of the owners
board of directors mandate ✔✔ establish the mission, vision, values and strategic direction of the
organization.
act as the owners' agent with fiduciary responsibility.
provide management with access to expert advice.
oversee the recruitment, hiring and performance evaluation of the chief executive officer, and provide
input on other executive management.
review and approve major strategic and operating proposals and budgets.
review and approve all major financial decisions.
ensure the organization has implemented effective monitoring and control processes.
ensure accurate and transparent reporting to stakeholders of the organization's activities and financial
condition.
individual directors characteristics ✔✔ industry experience, management capabilities and technical
expertise required to oversee and advise executive management
expertise and experience from their own fields, such as accounting, law, finance, management,
technology, human resources and governance
exam Questions with answers 100% verified
board of directors ✔✔ elected or appointed team of individuals used to direct and control the
organization's operations on behalf of the owners
board of directors mandate ✔✔ establish the mission, vision, values and strategic direction of the
organization.
act as the owners' agent with fiduciary responsibility.
provide management with access to expert advice.
oversee the recruitment, hiring and performance evaluation of the chief executive officer, and provide
input on other executive management.
review and approve major strategic and operating proposals and budgets.
review and approve all major financial decisions.
ensure the organization has implemented effective monitoring and control processes.
ensure accurate and transparent reporting to stakeholders of the organization's activities and financial
condition.
individual directors characteristics ✔✔ industry experience, management capabilities and technical
expertise required to oversee and advise executive management
expertise and experience from their own fields, such as accounting, law, finance, management,
technology, human resources and governance
