1.18 Delegation of Authority by the Board of Directors to Corporate Officers

The board's delegation's discipline: the permissible delegation (the management's structure — the MD/CEO's powers of Unit 6; the committee's delegation; the functional officers' authority) vs the non-delegable core (the board's own decisions: the accounts' approval, the policy's setting, the MD's appointment — the reserved-powers list); the delegation's instrument (the resolution's- and-authority-matrix — the limits' documentation); the monitoring duty's continuation (the delegation without abdication — the overseer's continuing duty of 1.10's end); and the agent's- and-company's liability (the authority's doctrines — LAW5404's apparent-authority cases' cross- reference).