| Guideline 1 - Board Composition & Succession |
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a) The board is made up of individuals who, collectively, have the required competencies and personal attributes to carry out their responsibilities effectively. |
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b) Unless specified otherwise in the governing legislation, board
members are independent from management and have no material interest in the organization. |
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| c) The board has a committee that develops director selection criteria and identifies and evaluates potential candidates. |
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d) The board has a competency matrix that is updated annually and when vacancies arise. The competency matrix is used to identify competency “gaps” on the board and direct the search for new candidates. |
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