Nowadays, there is a growing number of rules and regulations set up for boards that need to be followed. The board of directors is required to keep up to date with increasingly stricter responsibilities, expectations and risks.
Boards exist to offer strategic oversight for a company, as well as to protect shareholders’ financial interests. Therefore, those who wish to serve on a board must be willing to take the responsibilities associated with being a director, whose primary duty is to help the board accomplish its goals.
As an initial guide, BoardPro has put together the eight basic functions of a board.
