Functions of the Board. The Board must direct the Company's affairs in such a way as to promote the Objects. Its functions include:- defining and ensuring compliance with the values and objectives of the Company; establishing policies and plans to achieve those objectives; approving each year's budget and accounts before publication; establishing and overseeing a framework of delegation of its powers to Committees and Working Parties (under Article 28) and employees with proper systems of control; monitoring the Company's performance in relation to its plans budget controls and decisions; appointing (and if necessary removing) Senior Officers; satisfying itself that the Company's affairs are conducted in accordance with generally accepted standards of performance and propriety; and ensuring that appropriate advice is taken on the items listed in Articles 23.1 to 23.7 and in particular on matters of legal compliance and financial viability.
Appears in 2 contracts
Sources: Deed of Agreement, Deed of Agreement