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  • Role of Board of Directors

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    Kishore Choudhury
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    The document outlines the key roles and responsibilities of a board of directors which include: determining basic objectives and policies of the organization, selecting top executives and determining the organizational structure, and approving financial matters such as budgets, earnings distribution, and buying/selling decisions. It also discusses the varying degrees of involvement boards can have from low/rubber stamping to actively approving, questioning, and making final decisions. The roles of executive officers are summarized as formulating long term plans, providing information to the board, guidance/direction, integration, staffing, review/control, and external relations. Finally, strategic functions of the chief executive are listed as identifying opportunities, setting directions/goals, assigning work and allocating resources, developing resources

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    Role

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    The document outlines the key roles and responsibilities of a board of directors which include: determining basic objectives and policies of the organization, selecting top executives and determining the organizational structure, and approving financial matters such as budgets, earnings distribution, and buying/selling decisions. It also discusses the varying degrees of involvement boards can have from low/rubber stamping to actively approving, questioning, and making final decisions. The roles of executive officers are summarized as formulating long term plans, providing information to the board, guidance/direction, integration, staffing, review/control, and external relations. Finally, strategic functions of the chief executive are listed as identifying opportunities, setting directions/goals, assigning work and allocating resources, developing resources

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    13 views5 pages

    Role of Board of Directors

    Uploaded by

    Kishore Choudhury
    The document outlines the key roles and responsibilities of a board of directors which include: determining basic objectives and policies of the organization, selecting top executives and determining the organizational structure, and approving financial matters such as budgets, earnings distribution, and buying/selling decisions. It also discusses the varying degrees of involvement boards can have from low/rubber stamping to actively approving, questioning, and making final decisions. The roles of executive officers are summarized as formulating long term plans, providing information to the board, guidance/direction, integration, staffing, review/control, and external relations. Finally, strategic functions of the chief executive are listed as identifying opportunities, setting directions/goals, assigning work and allocating resources, developing resources

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    ROLE OF BOARD OF

    DIRECTORS
    Trusteeship
    To the shareholders
    To the profits and welfare of the organization

    Determination of Basic Objectives and Policies


    Clarity of idea
    Basic goal and policy understanding
    Take policy decision
    Selection of Top Executives and Determination of
    Organisation Structure
    Setting key positions
    Appointing Chief Executives and top level staff

    Approval of Financial Matters


    Budget
    Distribution of Corporate Earnings
    Buying and Selling Decisions
    Make or Buy Decisions

    Checks and Control


    Through Chief Executives
    Converting Full times Employees

    Legal Function
    Degree of involvement of Board Members in SM

    Low - Never know what to do

    Rubber Stamp - Permits executives to make all decisions

    Minimum review - review selected issues

    Nominal - to review the performance only

    Active - approves, questions and makes final decisions

    High - take role in establishing and modifying mission,


    objectives policies etc.
    Role of Executive Officer
    •Formulation of Long Term Plans
    • Providing Information to the Board

    •Guidance and Directions

    •Integration

    •Staffing

    •Review and Control

    •External Relation
    Strategic Functions of Chief Executive

    Identification of opportunities

    Setting directions and Goals

    Assigning basic work and allocation of resources

    Developing resources

    Committing resources-new projects, venture ship

    Evaluating results

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