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Board Toolkit No.14: Checklist for Board Charter


Board Charter

According to the principles of good corporate governance, a Board Charter should clearly define the roles, duties, and responsibilities of the board of directors to serve as a reference for effective performance. This helps minimize conflicts and reduce operational ambiguity. The board should review the Board Charter regularly, at least once a year. Similarly, the charters of each board committee (Committee Charter) should also undergo periodic reviews to ensure clarity in their respective roles and responsibilities. Additionally, the Board Charter and Committee Charters should encompass other relevant topics critical to the board's performance of its duties. This checklist is designed as a tool to help ensure the completeness and clarity of all essential topics for preparing a Board Charter. It allows you to verify that the charter comprehensively covers the necessary elements, including the board's roles, responsibilities, and key operations. This will support transparency and enhance the effectiveness of your corporate governance practices.

Board Toolkit No.14: Checklist for Board Charter 

 

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