The Board of Directors and the Characteristics of Directors

The Board of Directors is the backbone of a well-governed company. It is responsible for defining the strategic direction, supervising general management, and ensuring compliance with ethical, legal, and financial standards.

What should an effective Board of Directors have?

• Between 3 and 15 members, with at least 25% independent.
• Clear rules for membership, operation, and evaluation.
• Diversity of profiles: financial, legal, commercial, ethical experience, etc.
• Commitment to sustainability, transparency, and long-term value creation.

Key Functions of the Board:

• Define and monitor compliance with the strategic plan.
• Approve control, compliance, and sustainability policies.
• Oversee risks, conflicts of interest, and the company’s operations.
• Appoint and evaluate the CEO and key executives.

Having a well-integrated Board improves decision-making, increases the company’s credibility, and aligns the interests of all stakeholders.