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the role of the board the Board of Directors is responsible for aligning interest by balancing the conflicting and equally valid perspective of shareholders and management on issues such as capital structure control executive remuneration risk management and shareholder rights to further understand the details related to the role of the board organizations should look to both local legislation and international guidelines and best practice for organizations in Trinidad and Tobago the primary piece of local legislation applicable to their role is the Companies Act 1995 with respect to international best guidelines two of the most utilized references include the Organization for Economic Cooperation and Development the OECDs corporate governance principles 2004 principle 6d and the European Confederation of Directors associations principle 2 all directors have three principal legal duties which are often referred to interchangeably as fiduciary obligations they are to direct the managem
