Compliance Checklist

When checking for compliancy, the board should be able to appropriately answer the following questions from this checklist:

 

  • Does the board hold appropriate and regular board meetings?
  • Is the chair responsible for setting the meeting agenda and making sure that directors receive timely and accurate supporting papers in advance of the meeting?
  • Does the board make sure that the management team provides clear and sufficient information to support an informed decision-making process?
  • Do board meetings include strategic priorities and risk as standard agenda items?
  • Are board meeting minutes and decisions recorded along with assigned tasks and timescales?
  • Does the board make sure that there are appropriate internal controls and risk management procedures in place, and that organisational risks are regularly reviewed?
  • Does the board review and manage individual conflicts of interest at each board meeting, in accordance with the organisation’s conflict of interest policy?
  • If the board has sub-committees or working groups, does it make sure these have terms of reference?
  • Does the board make sure all directors have access to key policies and relevant documents to allow them to make informed decisions and perform their legal duties?