Ann: Information for Shareholders on Voluntary Administration, page-111

The whole board functions as a unit, and that is the point of a board, that they keep each other in check. If one is dirty, and the others turn a blind eye, they are complicit. They were paid to perform board duties, that they didn't do properly.

The core role of the board is governance of the organisation. The chair must give board directors the relevant policies for the organisation. The board's responsibilities are to: establish a governance framework, including a compliance framework to ensure the organisation meets its obligations.

In general, the role of the board is to provide high-level oversight of corporate activities and performance, while some individual board members may take on more involved or activist roles. Directors' actions can have a critical impact on a company's profitability.

What are the 4 main functions of the board?Hence, it is argued, boards can be helped greatly by focusing on four key areas:

• establishing vision, mission and values.setting strategy and structure.
• delegating to management.
• exercising accountability to shareholders and
• being responsible to relevant stakeholders.

If one fails, the board fails. The others had a responsibility to whistleblow!