The board is responsible for articulating its policies regarding the following areas:
The strategic goals of the organization
What is the organization set up to achieve, and for whom? What are the short-term and long-term goals, and what resources are committed to them?
The board’s governance processes
What are the processes by which the board will fulfil its leadership responsibilities? What is the board’s approach to delegation and its understanding of the roles and expectations of directors, committees, task forces, and staff?
How does the board define a code of conduct for directors and the CEO, addressing such issues as ethical behaviour and conflict of interest?