It seems that almost every day in the world over there is a report of a corporate scandal and a recurring, default and key question is “where was the board? And the board’s response is almost always, ‘‘we did not know’’.
The Board has an oversight function. It oversees corporate performance and the performance of its senior executives. It oversees the effectiveness of the organisation’s financial controls and compliance programmes. Through this the board morphs into a driver of value enhancement and overall corporate success and sustainable business performance
