BOARD CHARTERSBoard Charters are documents that set out the job description and overall role of the board — from the composition, purpose, role, and responsibilities to job descriptions for committees — reminding Board members that they are part of a group with authority over, and liability for, the organization. To govern consciously, the Board needs to have a Board charter that clearly outlines roles, responsibilities, ethical expectations and operational details of the Board. This enables Board members to have a shared understanding of how the Board works. This is particularly useful in the Board induction process and Board evaluation process.
The information that goes into a Board charter should include at least the following: * Purpose of charter * Purpose of the Board * Roles and Responsibilities * Membership and team * Board/CEO relationship * Induction and continuing education * Board performance * Conflicts of interest * Access to management * Access to independent professional advice * Confidential information * Board Culture * Reporting * Review of charter * Publication of the charter
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