Tuesday, 17 November 2015 08:58

The role of the Board of Directors

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BoardThe board of directors is the topmost decision making body, appointed by the shareholders (for a listed company or public entity) or owner of the business (in case of a private or family owned business). Public companies for example those listed on the Uganda Stock Exchange (USE) and those owned by Government of Uganda, must have a board of directors by law. The objective is to protect the interests of the general public and shareholders.

Good boards are composed of people with diverse skills, experience and exposure to provide effective oversight for the long term success and growth.