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Sits on Board of Directors |
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- Brings independent views and ideas
- Gives an "outside" opinion and provides direction
- Imposes discipline on Board meetings
- Asks challenging and searching questions |
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Overview of banking relationships and financial
resources |
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- Reviews and builds existing relationships
- Develops new relationships
- Considers all available options
- Brings experience and professional approach |
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Strategic Development |
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- Guides the Business Plan process
- Challenges the viability of plans
- Reviews progress on a regular basis
- Looks for future opportunities |
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Corporate Governance |
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Reviews company compliance with: company law and
secretarial matters; taxation; employment law; health &
safety; and industry specific legislation or trade regulations |
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Audit overview and other matters |
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- Provides "Audit Committee" function
- Considers performance of external auditors and
taxation advisors
- Advises on selection or change of professional advisors
- Monitors that internal control issues are being addressed |
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