7.3 Key Management Personnel of Company

The KMP's concept: the executive leadership the board appoints — the officers who RUN the company beside the board's direction. The Managing Director: the board's appointment (within the Act-and-articles); the executive head (the delegated powers' exerciser — the day-to-day direction, the officers' supervision); the board's member-and-servant (the executive director's double face); the regulated sectors' approvals (the NRB's-and-SEBON's fit-and-proper for the BFIs'- and-listed MDs). The Chief Executive Officer: the modern title's machinery (the MD-and-CEO's fusion-or-division — the one-person-two-hats vs the separated roles); the strategy's execution, the board's information source (the agenda-and-board-pack's owner), the public-and-market face, the culture's tone-at-the-top. The Company Secretary: the historical elevation (the clerk → the officer → the governance professional); the compliance's custodian (the filings-and-calendars); the meetings' engineer (the notices-agendas-proxies-minutes' craft); the records'-and-registers' keeper; the compulsory secretary for the prescribed companies (the public-and-listed statutory discipline). The further KMP faces: the chief financial officer; the auditors' interface (the statutory audit's partnership — the accounts' discipline).