Boards make decisions on behalf of owners/shareholders, beneficiaries and other stakeholders of an organisation. A board's essential role is to lead the organisation safely and successfully into the future.

The board sets the direction for the future and manages risk. The key tasks are

• Setting the purpose and vision
• Setting strategies for achieving the vision
• Recruiting the CEO
• Monitoring performance
• Demonstrating accountability to external stakeholders

Last modified: 27/09/2011