Ann: Michael Malone Appointed as Non-Executive Chairman, page-137

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kingy

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02/11/18

16:08

Post #: 36371367
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Originally posted by kingy ↑

Hmmm anies...im sure he is legally required to do a bit more than look pretty
"What does the role entail? A non-executive director’s responsibilities will normally be outlined in the corporate governance charter and may also be touched on in a director’s letter of appointment. Specific terms will vary from organisation to organisation, but will usually cover a director’s responsibility in relation to: • effective governance of the organisation; • formulation of the organisation’s strategic direction; • recruitment and performance of the CEO; • reviewing, approving and monitoring the business plan and annual budget; • contribution to the development of board and organisational policies; • compliance with the legal requirements of being a director; • monitoring risks facing the organisation; • compliance with legal and regulatory requirements of running a business; • any specific requirements in relation to stakeholders and networking on behalf of the organisation; • involvement with a board sub-committee; and • identifying skills required by the board and potential candidates; "
Hope that clarifies
Thats up there with your review disaster from the other day...literally the gift that keeps on giving

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Just to add
The non-executive chairman's duties are typically limited to matters directly related to the board, such as:

Chairing the meetings of the board.

Organizing and coordinating the board's activities, such as by setting its annual agenda.

Reviewing and evaluating the performance of the CEO and the other board members
SAS Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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