According to the Higgs report, who decides what information should be made available to the board?

The Higgs report emphasizes the importance of effective communication within a company's governance structure. It identifies that the responsibility for determining what information should be accessible to the board lies with both the Chair and the directors. This collaborative approach ensures that the board has a comprehensive understanding of necessary information to make well-informed decisions.

This joint responsibility reflects the collective nature of board governance, where input from various directors can contribute to a more balanced perspective on what information is crucial. By involving both the Chair and the directors, the process can encompass diverse viewpoints, ensuring that important insights and data are not overlooked. This cooperative dynamic fosters accountability and transparency, which are vital for effective board operations and overall corporate governance.

The other options suggest that only one person or group has the authority to decide on the information, which could lead to a less rounded consideration of what the board needs to be effective. This approach undermines the collaborative spirit necessary for good governance and could limit the board's capacity to oversee and steer the organization effectively.