Читать книгу Corporate Governance - Implementation Guide - Saleh Hussain - Страница 23

Each new director should expressly provide his consent to act on the board of directors. The explicit consent needs to be documented in form of appointment agreement. CG Code provides guidance on what should be included in the appointment letter.

CG Code – Principle 1.1: The company should have a written appointment agreement with each director which recites the director’s powers and duties and other matters relating to his appointment including term, the time commitment envisaged, the committee assignment if any, his remuneration and expense reimbursement entitlement, and his access to independent professional advice when that is needed

In addition to above, it is recommended that each new director should read, understand and sign the following documents:

•Conflict of interest policy of the company

•Code of conduct for the Board members

A detailed explanation of what should be included in above two documents will be provided in subsequent chapters.

A sample appointment letter for board members is provided in Appendix ‘A’ of this guidebook.