Board of Directors
POWERS, DUTIES AND RESPONSIBILITIES OF
BOARD OF DIRECTORS
A. Powers and Duties
Other than the powers and duties which are embodied in the Companies Act
and Memorandum and Articles of Association, the powers and duties of the
Board of Directors include, but are not limited to, the following:
- All financial, administrative, corporate and legal matters shall be decided
by the Board of Directors (BOD), and the Board may delegate such of its
powers as it may deem fit.
- The control of the funds of the school including budgetary control,
internal audit and purchase of goods and services shall be vested with
the BOD.
- The BOD shall have the ultimate discretion to finalize the terms of
employment of all staff of M'KIS, including staff benefits and
entitlements.
B. Board Member Ethics, Duties and Responsibilities of Board Members
General :
The principal responsibilities of the BOD are to develop policies to achieve the
M'KIS Mission and Expectations, meet its legal responsibilities under Malaysian
law, supervise the School's finances, continued improvement of the School's
administrative operations and physical plant and to enhance shareholder
value.
Duties and responsibilities of Board members :
- ensure that at all times the company and the School are properly
managed and effectively controlled;
- exercise powers for the purposes they were conferred for the benefit and
prosperity of the company and the School;
- act with utmost good faith towards the company and the School in any
transaction and be willing to exercise independent judgment and if
necessary oppose if the vital interest of the company is at stake;
- promote professionalism and raise competency of management and staff.
Adopted: May 1994
Revised: October 1999, December 2008
M'KIS Organizational Chart
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