Corporate Governance · glossary
The twenty decisions in Schedule A that only the board may take. They include the budget, borrowing of more than £1,000,000, any deal with a Related Party and any product recall. A matter not reserved is management's, within Schedule B. Definition: Matters Reserved · Charter §2.1 · Charter, Schedule A · Chapter 1 · Chapter 2
Explained in Chapter 1, What a Board Is For, of Corporate Governance.
The charter puts every decision on one of two lists. Schedule A lists the Matters Reserved: twenty decisions that only the board may take. Schedule B sets out the Delegated Authority: who in management may approve what alone, and up to what figure. Every paper that reaches you belongs to one list, and your first task is to say which.Read Chapter 2, Matters Reserved and Delegation →
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the matters listed in Schedule A, which only the Board may decide.Read the definition in the document →
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