Question
Mr Collins Njonjo, has recently been appointed as the Chairperson of the Board of Directors of a State-Owned Enterprise based in Zambia. The Company Secretary
Mr Collins Njonjo, has recently been appointed as the Chairperson of the Board of Directors of a State-Owned Enterprise based in Zambia. The Company Secretary of the company has prepared and sent a draft Agenda for the 1st Board meeting which was scheduled to be held within two weeks. Included on the Agenda was an item called Development of the Board Charter. Mr Njonjo was not sure about the purpose and content of a Board Charter as this was his first appointment to be a Board Member and also being appointed the Chairperson. He has approached you, since you are studying Corporate Governance at Unilus, to explain the purpose of a Board Charter and also to advise him on the contents of a Board Charter. REQUIRED: a) Describe the purpose of a Board Charter. (5 marks) b) Describe in detail the contents of a Board Charter for the company for submission to Mr Njonjo, the Board Chairperson
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