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29 Apr 2021

Australian Institute of Company Directors (AICD)

The Board of Directors is responsible for the overall governance, management and strategic direction of a company.

It is the companies shareholders who elect the Board of Directors to represent their interests.

The Board of Directors most important job is to hire, manage and if necessary fire the Chief Executive Officer (CEO) and the best Boards do this by using a technique called NIFO (noses in and fingers out) because it is the CEO and their senior management team that run the company.

Recent Australian court decisions have demonstrated that the Board of Directors have considerable discretion to take into account a broader set of stakeholders when making decisions on behalf of the company and this brings us to the attached guide, created by the AICD to help all organisations identify and elevate stakeholders.

Click to read.


At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.

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