April 29,
2019 5636 5636 
By Lucien Caron (CGF Lead Independent Consultant) and peer reviewed by Terrance M. Booysen
An experienced board member will fully appreciate the various mechanisms contained within the organisation’s Memorandum of Incorporation (‘MOI’) that can be altered to best suit the environment within which the company operates. More often than not, the MOI is trivialized as simply a ‘founding document’ of the company and once approved, it is filed and gathers dust. However, over-looking the importance of the MOI -- which contains information about the core elements of the organisation’s governance -- amounts to an injustice to the nature and intent of this document, not least also the company and its stakeholders.