HC-1.2.2
Past version: Effective from 01 Oct 2019 to 31 Dec 2019
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The Board's role and responsibilities include but are not limited to:
(a) Approving and reviewing at least annually the overall business performance and strategy for the licensee ;
(b) Reviewing regularly the implementation of the strategy and operational performance;
(c) Causing financial statements to be prepared which accurately disclose the licensee's financial position;
(d) Monitoring management performance;
(e) Reviewing regularly the level of risk;
(f) Approving and reviewing at least annually systems and controls framework (including policies and procedures);
(g) Approving the agenda for shareholders' meetings;
(h) Monitoring conflicts of interest and preventing abusive related party transactions;
(i) Assuring equitable treatment of shareholders including minority shareholders; and
(j) Setting out clearly and reviewing on a regular basis who has authority to enter the licensee into contractual obligations.
October 2019