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?