Independent review of Westpac provides good reminders for all boards
The report into Westpac New Zealand’s risk governance practices provides useful reminders for boards.
Formal board meetings set up directors to serve their organisation's best interests. If a board does not meet regularly, its decision making can be compromised, increasing risk to the company and its directors.
Directors are liable for the decisions they make. They need to be able to show that they did everything they could to make sure the board made the right decisions.
This guide explains boardroom practice and behaviour, and includes boardroom tools and templates.