COMPANIES LEGISLATION & ADMINISTRATION

It is recommended practice that every company board have a written Corporate Governance document which sets out the procedures and practices adopted by the board in dealing with the day to day management of the OMC as well as the obligations of its directors and officers.  This can be altered regularly to reflect any changes introduced by the board.

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• Duties of directors

• Election and rotation of directors

• Responsibilities of company chairman

• Role of company secretary

• Approval of expenditures and payments

• Banking procedures and payment authorisation

• Preparing & updating Booklet of Corporate Governance guidance for Board