FINANCIAL REPORTING COUNCIL OF NIGERIA ACT, 2011 (AS AMENDED)

Section 10: Functions of the Board.

2011Section 10 of 79Federal Republic of Nigeria

The Board shall-(a) determine broad strategies and priorities;
(b) set out budget, secure the necessary funding and monitor expenditure;
(c) appoint the Directors and other senior management staff;
(d) oversee the delivery by each directorate of their functions, through regular reports from the directorates' coordinating directors;
(e) oversee the performance of the executive through regular reports from the Chief Executive Officer;
(f) ensure that the Council and its directorates achieve high levels of accountability and transparency;
(g) undertake annual assessment of the risks to the success of the operations of the Council and oversee the necessary risk mitigation plan; and
(h) undertake annual evaluation of its own performance, and that of its committees and operating bodies, against its objectives, including a review of the schedule of matters reserved to the Board.

Cite this section

Section 10, FINANCIAL REPORTING COUNCIL OF NIGERIA ACT, 2011 (AS AMENDED) (2011).

https://repo.podus.ai/laws/financial-reporting-council-of-nigeria-act-2011-as-amended/section/10/