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Section 5 focuses on the board of directors and committees, serving as the link between shareholders and managers. It comprises three subsections: 5.1 discusses the composition of the board, noting that there is no universally accepted optimal structure. A well-structured board should reflect shareholder interests and include a mix of expertise, backgrounds, and competencies. 5.2 addresses the functions and responsibilities of the board, emphasizing their role in overseeing management and ensuring strategic direction. 5.3 covers the various committees formed within the board, which support its functions. Overall, a diverse board with varied skill sets contributes to effective corporate governance and strategy execution.