
A board member agreement is an internal document that clarifies the obligations, roles and responsibilities of board members, as well as their rights and the company’s expectations of them. It also formalises the agreement of the director to abide by these requirements. Why is a board member agreement important? The aim of this document is to encourage effective service across the board, maintain focus on the aims and objectives of the company and protect directors and the organisation in the event of any legal issues. Having a robust board member agreement for each individual on the board is an important […]