The responsibilities of board members are multifaceted. They include:
1. Strategic Oversight: Ensuring the company adheres to its mission and vision. 2. Financial Oversight: Monitoring financial performance and ensuring accurate reporting. 3. Risk Management: Identifying potential risks and implementing strategies to mitigate them. 4. Governance: Setting policies and ensuring compliance with legal and ethical standards. 5. Performance Evaluation: Reviewing and assessing the performance of the CEO and other key executives.