Today's rapidly changing business environment also requires boards to be flexible and responsive in
order to meet unexpected needs and challenges.
This is reflected in Recommendation 1.6 (a) of the ASX
Corporate Governance Council's Corporate Governance
Principles and Recommendations 3e (2014)
One such change, under Recommendation 2.2, is the need
to disclose the company’s board skills matrix which shows
the mix of skills and diversity that the board currently has
or is looking to achieve in its membership.
encourages market confidence and allows comparisons between organisations.
The role and responsibility of the board
could be set out in a board charter or in
some other document published on the
entity’s website or in its annual report
recommendations for action to the full board, which retains collective responsibility for decision making.
A board calendar is unique to every organisation. It will vary according to the industry sector, the organisation's own process of governance, the size and governance maturity of the organisation and its stage of evolution.
Although each board will have
an agenda that reflects specific topics of relevance to a company at that time, a number of general
items will be included on most agendas.