Board Leadership and Company Purpose Flashcards
What is principle A of the CGC?
A board is led by an effective and entrepreneurial board, whose role is to promote long term success of the company, generating value to shareholders and contributing to wider society
What is principle B of the CGC?
The board should establish company’s purpose, values and strategy and satisfy itself that these and the culture are aligned. All directors must act with integrity, lead by example and promote the desired culture.
What is principle C?
Board should ensure that necessary resources are in place to meet the objectives and measure performance against them. The board should establish a framework of prudent and effective controls, which enable to risk to be assessed and managed.
Principle D?
Effective engagement with with and encourage participation from shareholders and stakeholders.
Principle E?
Policies and practices are consistent with the company’s values and support long-term success. The workforce should be able to raise any matter of concern.
