Board Meeting Essay

517 words - 3 pages

The Board Meeting
The Board meets at least five times each year and in addition, a regular update conference call takes place in the months when no formal meeting is scheduled. The agenda for each Board meeting is set by the Chairman in consultation with the Chief Executive and the Company Secretary. Board members receive a monthly report of the company’s activities which incorporates an update on progress against objectives and the management of business risks. The core activities of the Board are carried out in scheduled meetings of the Board and its Committees. Additional ad hoc meetings and conference calls are arranged to consider matters which require decisions outside the scheduled meetings
Outside the scheduled meetings of the Board, the Chairman and Chief Executive Officer maintain frequent ...view middle of the document...

It also provides the Board with an opportunity to meet a broad cross-section of staff, to assess senior managers at first hand and to review operational and especially non-technical risk matters in depth.
The Board has a formal schedule of matters reserved that can only be decided by the Board. This schedule is reviewed by the Board each year. The key matters reserved are the consideration and approval of:
• The Group’s overall strategy;
• Financial statements and dividend policy;
• Borrowings and treasury policy;
• Material acquisitions and disposals, material contracts, major capital expenditure projects and budgets;
• Entry into new countries;
• Risk management and internal controls (supported by the Audit Committee);
• Succession planning and appointments (supported by the Nominations Committee);
• The Group’s corporate governance and compliance arrangements; and
• Corporate policies.
Summary of Boards work in a year
• Strategy and resource allocation;
• External affairs;
• Portfolio management;
• Finance and treasury;
• Governance and compliance; and
• Organizational design, capacity and succession planning.
Guidelines followed in a Board meeting
a. There must be two directors present at a meeting to constitute a quorum
b. The board will schedule formal Board meetings at least quarterly and hold additional meetings including bu phone as required
c. Non-executive directors may confer at scheduled times without managements being present
d. The minutes of each board meeting shall be prepared by the company Secretary, approved by the chairman and circulated to directors after each meeting.
e. The Company Secretary shall distribute supporting papers for each meeting of the Board as far in advance as practicable
f. Minutes of meetings must be approved at the next Board meeting
g. Further details regarding board meetings are set out in the Company’s constitution

Other Papers Like Board Meeting

Communication Process Worksheet Essay

557 words - 3 pages medium. |I went to the school board meeting with all the school officials and board members to | | |discuss my plans of bringing in a team of medical staff for all sporting events. | | Sender transmits message through a channel. |The school board members and school officials sent out information on the emergency | | |meeting that was scheduled

Alviee Essay

1315 words - 6 pages meeting, in person or via tele- or video-conference. A majority of the Committee will comprise a quorum when all Committee members are unable to attend a meeting. The Committee may request that other Board members, or officers or other employees of the Company, or any other persons whose advice and counsel are sought by the Committee, attend any meeting of the Committee to provide pertinent information. The Committee may exclude from its

Legal Document Preparation

3236 words - 13 pages business. Section 5. Consent in Lieu of Meeting: Any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting if all members of the Board of committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committee. The Board of Directors may hold its meetings, and have an

Riordan Corporate Compliance Plan

1508 words - 7 pages           a. Selection of Board           b. Board Leadership           c. Composition and Performance           d. Board Meeting Etiquette and Proceedings         V. Control Activities           a. Governance principles of regulatory compliance           b. International Laws           c. Steps to adhere to international laws       VI. Legal Counsel       VII. Reporting Violations Internal Environment As an industry leader

Hr Project

3453 words - 14 pages stating the place, day, and hour of each special Board meeting shall be delivered personally or by mail, facsimile, electronic mail or telegraph to the Director at his/her address shown on the records of the Corporation at least two (2) days before the meeting. Notice shall be effective upon delivery at such address, provided that notice by mail shall also be deemed effective if deposited in the United States mail properly addressed with postage

The Best Corporate Structure For A Group Of Five Investors

724 words - 3 pages time when called for by the Chair or a majority of Board members. 3. Agendas shall be provided at least seven days in advance. VI. Voting 1. (a) A majority of board members constitutes a quorum. (b) In absence of a quorum, no formal action shall be taken except to adjourn the meeting to a subsequent date. 2. Passage of a motion requires a simple majority. VII. Conflict of Interest 1. Any member of the board who has a financial

Board of Directors Analysis

935 words - 4 pages to get a meeting with just about anyone in these sectors given the reach of their personal and professional networks. The five directors represent 3 universities and a bit more breadth there might have been helpful in calling upon alumni networks. Again if they include a board member with extensive retail leadership experience it would likely foster senior level meetings with their most desired business partners like Nordstrom, Macy’s, Sears


6973 words - 28 pages Board • overseeing the provision of appropriate information to the Board • approving the agenda for each meeting in consultation with management • managing Board activities to assist their efficient and effective conduct, and • fostering a culture which encourages directors to contribute in an open and constructive manner. In line with accepted practice, the roles of the Chairman and the Managing Director & CEO are not exercised by the same

Chapter 8

550 words - 3 pages and board of director members will have to deal with convergence issues o Investors and regulators look at restatement negatively, so audit committees and board members will need to address this risk effectively o Managing stakeholder expectations in terms of meeting targets and key performance indicators given the changed results under IFRS - These people have to monitor the quality and robustness of the conversion process - Ethical issues

Human Resources

1103 words - 5 pages BOARD OF DIRECTORS REPORT To: From: Date: Subject: RTD Board of Directors General Manager Oversight and Performance Management Committee, Director Busck, Chair July 13, 2010 Board Policy on Goal Setting Process for the General Manager Date: GM Board Meeting Date: July 20,2010 ACTION X DISCUSSION INFO RECOMMENDED ACTION It is recommended by the General Manager Oversight and Performance Management Committee that the Board of Directors adopt a

Concord Bookstore

754 words - 4 pages without consulting with the employees of the bookshop. After the announcement, many of the staff became disgruntled and asked for a meeting with the board. The combine years of tenure of the staff equaled 73 years. The meeting was declined by the board who did not want to hear input from the staff. The unfreezing stage was not completed. The second stage, moving, is where open communication regarding the changes occurs. In this stage the goals and

Related Essays

Board Meeting Essay

906 words - 4 pages Report Meeting of Board Education Sr. Agnes Tram Nguyen EDU645MSEC MS School Policy and Regulations Professor: Dr. James Pedersen Felician College Date March 26th, 2015 This is a report on the regular meeting of the Board of Education which was held on December 11, 2014 at 7 p.m. in the Monsignor João Antão School No. 31, 1014 South Elmora Avenue, Elizabeth, New Jersey. There were many issues discussed during the

Board Meeting Or Movie Party? A New Approach In Understanding The Culture

733 words - 3 pages creative and think out of the box to come up with a new approach that allows companies to be effective in understanding a new culture and its market Board meeting or movie party? A new approach in understanding the culture When it comes to target a new market in a new country, no matter it is local or international, a company needs to train its employees and select the most suitable candidates to accomplish the goals. There are lots of purposes of

Manage Meetings Essay

879 words - 4 pages pizza shops and we realize that there is a vital importance of having regular meeting with the staff members. Types of meetings 1. Board meeting: A meeting of the board of directors of an organization. 2. Management meeting: A meeting among managers. 3. Team meeting: A meeting among colleagues working on various aspects of a team project. 4. Work meeting: Which procedures a product or intangible result such as a decision

Contingency Plan Essay

813 words - 4 pages Directors have complied with the minimum 50% attendance requirement at Board Meeting during the financial year as stipulated by the Listing Requirements of Bursa Malaysia Securities Berhad | | SUPPLY OF INFORMATION MK LAND HOLDINGS BERHAD | MALAYSIAN ARLINE SYSTEM BERHAD | * The Board and its Committees have access to all information within MK Land Group pertaining to the Group’s business and affairs. * The Board is provided in advance with