| Jim Marron
The main roles of a board of directors in a multi-national company, specifically in the mining industry, include:
- Setting strategic direction: The board sets the overall direction and strategy for the company, ensuring that it aligns with the company's mission and values.
- Overseeing management: The board oversees the management team, making sure that the company is being run effectively and efficiently.
- Ensuring accountability: The board is responsible for ensuring that the company is accountable to its stakeholders, including shareholders, employees, and the communities in which it operates.
- Monitoring financial performance: The board monitors the company's financial performance and ensures that the company is on track to meet its financial goals.
- Approving major decisions: The board approves major decisions, such as large capital expenditures, mergers and acquisitions, and other transactions that have a significant impact on the company's financial performance.
- Ensuring compliance: In the mining industry, the board is responsible for ensuring that the company is compliant with relevant laws and regulations, such as those related to environmental protection and worker safety.
Overall, the board of directors plays a crucial role in guiding the company and ensuring that it is successful and sustainable in the long term.
About The Author
Industry and business analyst in the mineral resource sector since 1980, on the ground in China since 2001, conducting studies into most aspects of the mineral and processing supply chain, involving a wide variety of metals, chemicals and agribusiness. Committed to helping people develop insights into their industry and market.
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