The board's role and responsibilities include but are not limited to:

(a) The overall business performance and strategy for the licensee;
(b) Causing financial statements to be prepared which accurately disclose the licensee's financial position;
(c) Monitoring management performance;
(d) Convening and preparing the agenda for shareholders meetings;
(e) Monitoring conflicts of interest and preventing abusive related party transactions;
(f) Assuring equitable treatment of shareholders including minority shareholders; and
(g) Establishing the objectives of the licensee.
January 2013