Answer: 1

“Board of Directors is a Governing Body of an Organization”

A Board of body of an organization. It chooses game plan, and ensures that the organization's
Directors is the administering mission and vision are finished. A board of directors may be a
gathering of people who together supervise the activities of a corporation, which may be either a
revenue driven business, charitable organization, or an administration office. Such a board's
powers, duties, and responsibilities are controlled by government regulations (bound by country's
law) and the organization's own compliance and bylaws. These authorities may specify the
quantity of members of the board, how they are to be chosen, and how frequently they are to
meet. For example, a Board may decide that due to corona virus, their customers must be served
through ecommerce to avoid virus spreading and continuous business activities.

Answer: 2

“Role of Board of Directors in implementing Mission and Vision”

Board of directors are the governing body of any organization, they lead the organization to
achieve, plan, implement and strategize objectives and goals. It provides leadership and values to
their stockholder in order to sustain long term relationship with them. The role of board of
directors in achieving or implementing organization’s mission and vision is so crucial, they
establish policies, frame of action, set rule and surveillances organization activities.

Board as a Vision Implementer:

As Vision are meant for the long run, the actual meaning of their existence. The board
decided what values does an organization offers to their shareholders. Boards monitors the
operations, financial, strategic direction of organization and keep them on right path that leads
toward the accomplishment.
Board as a Mission Implementer:

As Mission are short term objective, and keep changing with the trends, economy,
situations and behavior and market’s requirements. Board strategize and monitor market trends
and take strategic decision that can lead an organization towards its mission. The management
track, adopt, and set trends by which they can compete in the market. Usually the board
delegates the day to day operations of the organization to the management team via the CEO but
remains accountable to the members and shareholders of the company.

Answer: 3

“Fundamental Pillars of Corporate Governance”

The Four pillars of corporate governance are: transparency, accountability, fairness and security.
All four are critical in successfully running a company and forming long term relationships
among its shareholders including board of directors, managers, employees, and most
importantly, shareholders. They establish policies, frame of action, set rule and surveillances
organization activities.

Transparency:

Transparency means to ensure timely, accurate, and standardized delivery of all material
matters that includes financial situations, performance, ownership, and corporate governance.

Accountability: