IWJS is a Limited company. The Board of Directors are in charge of our direction and management.
Responsibilities of the Board of Directors
The Board represents and is accountable to the shareholders of the company. The Board’s responsibilities are active, not passive, and include the responsibility to evaluate regularly the strategic direction of the Company, management policies and the effectiveness with which management implements them.
It is the responsibility of the members of the Board to act in good faith and with due care so as to exercise their business judgment on an informed basis in what they reasonably and honestly believe to be in the best interests of the company and its shareholders. In discharging that obligation, the directors must inform themselves of all relevant information reasonably available to them.
The Board’s responsibilities also include overseeing the structure and composition of the Company’s top management and monitoring legal compliance and the management of risks related to the Company’s operations. In doing so, the Board may set annual ranges and/or individual limits for capital expenditures, investments and divestitures and financial commitments not to be exceeded without Board approval.
In risk management policies and processes the Board’s role includes risk analysis and assessment in connection with financial and business reviews, updates and decision-making proposals. Risk oversight is an integral part of all Board deliberations.