The Board of Directors is responsible for the stewardship of ARC. In discharging its responsibility, the Board will exercise care, diligence and skill, and will act honestly and in good faith with a view to the best interests of ARC. In general terms, the Board will:
- In consultation with management of ARC, define the principal objectives of ARC
- Monitor the management of the business and affairs of ARC with the goal of achieving ARC's principal objectives as defined by the Board
- Discharge the duties imposed on the Board by applicable laws
- For the purpose of carrying out the foregoing responsibilities, take all such actions as the Board deems necessary or appropriate
Without limiting the generality of the foregoing, the Board will perform the following duties.