Delegation

The Board of Directors necessarily delegates authority to Management. This does not mean it abdicates all responsibility nor does it mean the Board would try to micro-manage the delegated functions. However, after delegating, the Board needs to monitor and question the CEO and the Management whether they performed those delegated duties as expected. This, is what SLID seeks to do by providing training to Directors so they know to ask these important questions.  One needs to ask these questions before accepting board positions because one will be held personally liable.

http://www.slid.lk/sites/default/files/Mod%204%20-%20Critical%20Issues%20Faced%20by%20a%20Board%20of%20Directors_0.docx

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About surenraj

“Views expressed are my own”
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