The role of the Board includes, among others, the following activities:
- Appoint the CEO.
- Ensure that the firm has an appropriate strategic plan and oversee and monitor the firm's direction as it relates to the plan.
- Annually assess the CEO's performance, approve their goals for the ensuing year, and review their compensation plan.
- Receive and review continuous reporting from the CEO.
- Establish and monitor policies for the firm.
- Hear and decide on any appeals from partners as provided for under the partnership agreement and Board policies.
- Oversee good financial and cultural governance (including setting the tone from the top on culture and ethics).
- Set and monitor high standards for quality, independence, and responsible business that meet or exceed regulatory requirements.
- Review monthly financial statements and approve annual financial statements.
- Review and approve computations and distributions of profit.
- Approve the firm's annual budget and business plans.
- Appoint the nominating committee and other committee members as provided for in Board policies.
- Conduct annual general meetings and special general meetings.