text: Responsibilities of the board include – 
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  Providing input into and final approval of management’s development of corporate strategy and performance 
  objectives; 
  
  • Monitoring senior executives’ performance and implementation of the Company’s strategy; 
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  • Monitoring and the approval of financial and other reporting; 
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  Approving and monitoring the business plan, budget and corporate policies; 
  
  Ensuring an effective system of internal controls exists and is functioning as required; 
  Establishing Sundance’s vision, mission, values and ethical standards as reflected in a Code of Conduct; 
  Delegating an appropriate level of authority to management and approving any additional change to those delegations; 
  Ensuring appropriate resources are available to senior executives; 
  Appointment, succession, performance assessment, remuneration and dismissal of the Managing Director; 
  Reviewing, ratifying and monitoring systems of risk management and internal control, codes of conduct, and legal 
  compliance; and 
  Approving and monitoring the progress of major capital expenditure, capital management, and acquisitions and 
  divestitures. 
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  The Board has delegated responsibility to the Managing Director (“MD”) and the executive management team to manage the 
  day-to-day operations and administration of the Company. In carrying out this delegation, the MD, supported by the senior 
  executives, routinely reports to the Board regarding Sundance’s progress on achieving both the short and long-term plans for 
  the Company. The MD is accountable to the Board for the authority that is delegated by the Board. 