The Board is responsible for assisting management with, and the maintenance of, good business practices. This requires individuals with necessary skills and expertise to make sound business judgments, which leads to the need to remunerate them fairly according to recommended practices. The Board determines what would be a fair remuneration for its Non-Executive Directors (NEDs), […]
Good corporate governance is necessary to enable companies to operate more efficiently, mitigate risk and safeguard stakeholders. As custodians of corporate governance, there is a direct link between the performance of the board and the performance of the company which it oversees. This has never been more true than now, given the crucial role that […]
Covid-19 has forced directors to play an increasingly crucial role in supporting their companies in order to safeguard the future of the business. There are a few things that directors can do in order to mitigate risk and ensure that their companies will weather the uncertainty in these unprecedented times. Read Acorim’s Board Checklist to ensure that you are doing everything you can to enable your business’ success.
EVALUATE YOUR BOARDS EFFECTIVENESS DURING COVID-19 – DID YOUR BOARD RISE TO THE OCCASION? King IV recommends that the board, through strategic planning, should take responsibility for the company’s performance and steer the company in a direction to achieve the company’s core purpose and values. This duty is linked to section 66(1) of the Companies […]