C2: Structure & Development Process of the Board

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C2: Structure & Development Process of the Board by Mind Map: C2: Structure & Development Process of the Board

1. DEFINITION

1.1. S2 of CA 2016 - any person occupying the position of director

2. CATEGORIES OF DIRECTOR (MENAAI)

2.1. Managing

2.2. Executive

2.3. Non-executive

2.4. Alternate

2.5. Associate

2.6. Independent

3. BOARD STRUCTURE

3.1. Unitary/One Tier

3.1.1. Executive directors

3.1.2. Non executive directors

3.2. Two Tier

3.2.1. Supervisory board (upper)

3.2.2. Management board (lower)

4. SPLITTING ROLE OF CHAIRMAN & CEO

4.1. Specific responsibility of CEO

4.1.1. Develop & implement policies

4.1.2. Manage resources

4.1.3. Build & maintain effective mgt team

4.1.4. Monitor operation & financial result accordance with plan & budget

4.1.5. Represent the company

4.2. Specific responsibility of Chairman

4.2.1. Provide leadership to board

4.2.2. Determine composition & structure of board

4.2.3. Set board agenda & plan board meeting

4.2.4. Chair board meeting

4.2.5. Ensure view of shareholder communicated to board

5. BOARD INDEPENDENCE

5.1. He/she must not belong to:

5.1.1. Executive director of listed company/others related

5.1.2. Officer(except NED)of listed company/other related for 2 years

5.1.3. Major shareholder

5.1.4. Family member of executive, officer/major shareholder

5.1.5. Nominee/representative of executive,officer/major shareholder

5.1.6. Professional advisor for last 2 years

5.1.6.1. provide advice

5.1.6.2. present partner, oficer/major shareholder

5.1.7. Any person who:

5.1.7.1. any person engage personally in transaction

5.1.7.2. present partner, officer/major shareholder in the case company engage with any transaction

6. BOARD COMMITTEE (RANN)

6.1. Remuneration committee

6.2. Risk committee

6.3. Audit committee

6.4. Nomination committee

7. DIRECTOR REMUNERATION

7.1. Package

7.1.1. base salary

7.1.2. performance related

7.1.3. pension

7.1.4. benefit in kind

7.2. Remuneration of executive & NED

7.3. Disclosure of director remuneration

7.4. Behavioral impact on director remuneration

7.5. Remuneration policy & strategy

7.5.1. affect

7.5.1.1. attraction

7.5.1.2. motivation

7.5.1.3. recruitment

7.5.1.4. retention

7.5.2. covers

7.5.2.1. level salary paid

7.5.2.2. compare with other business

7.5.2.3. mix salary & other benefit

8. BOARD MEMBERSHIP CRITERIA

8.1. knowledge

8.2. diversity

8.3. commitment

8.4. independent judgement