AGENDA

CURRENT, BOARD OF DIRECTORS’ COMMITTEE DILEMMA’S

13:40-18:00 CENTRAL EUROPEAN SUMMERTIME (CEST)
LINK FOR TIME CONVERSION: HTTPS://WWW.THETIMEZONECONVERTER.COM/
Approximate timings due to the online nature and the Q/A sessions at the event
*Conference Program is subject to change. The conference language is English
Timing Dilemma/Topics/Speakers
13:40 – 14:00
Registration
14:00 – 14:10
Welcome Remarks and Speaker and Agenda Introduction
The Role of Board of Directors (BoD) Committees
Lady Olga Maitland, Chairman Copenhagen Compliance Ltd
14:10 – 14:45

Dilemma; The boards of most organisations often delegate work to committees of directors to more effectively deal with complex or specialised issues and use directors’ time more efficiently. The established Committees make recommendations for action to the entire board, which retains collective responsibility and is accountable for all decisions.

 

14:45-

15:30

Dilemma; The boards are often relatively small, and operations are not as complex as more minor without a formal committee structure. Therefore, deepen the knowledge of the company by involvement in committees, become more actively engaged and fully utilise their experience. Additionally, committees can indicate to investors that the board is taking certain specific issues seriously.
15:30 – 16:15

Dilemma: The Committee Principles work on an ‘if not, why not.’

However, while BoD delegates power, they remain responsible for exercising power by trusting that the directors themselves had exercised it.

The delegation of authority does not lessen the board’s overall duties and responsibilities; however, in some instances and with limited exceptions, the BoD will not be held accountable.

  • if that director had reasonable grounds and in good faith
  • had made enquiries but reasonably relied on the information or advice provided,
  • the committee guidance was independently assessed
16:15 – 16:30
Break
16:30 – 17:00

Dilemma: The Standard Committee Charter:

  • Role, purpose and responsibilities
  • Scope of authority, the extent of power and decision-making capabilities
  • Membership requirements and procedure for attendance by non-committee members
  • Frequency, Composition and structure
  • Access to internal and external resources and expertise
  • Reporting, Special powers, Tenure, Evaluation
17:00 – 17:30

Dilemma; How and what should a Committee report to the board?

  • Addressed in the committee’s charter
  • The minutes must capture the critical deliberations and action points with recommendations for the board to approve, endorse, or decide.
  • Included in the board papers for the next full board meeting
  • Highlight the issues, options and recommendations for decision or approval.
  • Timings on how to report, a present verbal summary of key points documented by minutes.
17:30 – 18:00 Final Q&A