ECTA directors play a key role in the strategy and development of ECTA.
They are responsible for controlling the property and affairs of the Association, and for ensuring that the Association is effectively managed by the Managing Director and staff. They are also active in promoting the brand and reputation of ECTA externally, and assisting in the recruitment of new members. Individual directors also participate from time to time in the work of sub-committees of the Board.
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Formal Board Meetings take place quarterly, and where possible are co-ordinated with Conferences and events to avoid duplication of travel. These are supplemented by telephone Board Meetings which take place around 25th of each month.
Board directors are not remunerated.