Which of the following statements is NOT the role of the Board?

You are the youngest member of the senior management team and have recently been invited to become a member of the company’s Board.

You have been sent an outline agenda ahead of your Board induction meeting with the Company Secretary. The first item on the agenda is the role of the Board.

Which of the following statements is NOT the role of the Board?
A . Establish the company’s vision, mission and values.
B . Relinquish responsibility for implementation of strategy to management.
C . Confirm the adequacy and alignment to strategy of internal control and risk management systems.
D . Establish strategy with regard to the risk appetite of theOrganization.

View Answer

Answer: B