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Should executive have the power to make decisions before approval from the board of directors?
JohnDiVincenzo
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What does a board of directors do?
They oversee a company and answer to stock holders. The board of directors provides the company with direction and advice. It is the responsibility of the board of directors to ensure that the company fulfills its mission statement. In doing so, the board of directors frequently sets the company's policy objectives. A good board of directors should include knowledgeable and experienced business people. From: http:/www.wisegeek.com/what-does-a-board-of-directors-do.htm A board of directors should NOT be made up of friends and relatives; one or two members can be friends or acquaintances if they are business people or experienced board members.
What are the key feature of effective boards of directors?
Effective board of directors should have many traits. Knowledge of the company, an understanding of policies, and the ability to listen to problems that may have to be addressed are key qualities of a member of a board of directors.
What are some Smart goals and objectives for an executive assistant?
The goals and objectives of an executive assistants may include eventually being their own boss. Executive assistants should work hard to ensure their boss is prepared for anything they need.
How do you find names of managing directors?
Go the google search and type who is the managing director of so and so company. for example who is the managing director of tata consultancy service? then you can get the answer of it. or, if you are searching for many managing directors name you should mention the field you want on the google search.. for example managing directors of IT companies in india then you will be getting the answer. thank you Answered By Revathy MBA
What do you think is the appropriate role of a board of directors in strategic management?
The board of directors should be very much involved with strategic management because strategic management involves the identification of environment that the corporation works in, it defines the mission, sets objectives and goals for the achievement of that corporate mission and evaluates the company's progress on a continuous basis. -SK
Should company directors attend an AGM?
Yes, all company Non-executive Directors can attend the AGM.
Should the president have power to make decisions without congresses approval?
The President should and must have power to make certain decision without Congressional approval, just as Congress has the right to do things without the President's approval. If Congress had to approve everything a President did, Congress would have full authority over both the legislative and executive power of governmant, which would eliminate the concept of checks and balances of the three branches of government that the Constitution sets up.
Does non-profit pay the directors?
Non-profit organizations can pay their directors, but it is not the norm. If directors are paid, it should be reasonable and commensurate with the services they provide to the organization. Payments should be disclosed in the organization's financial records and reported accurately.
Is it common for the CEO to be a member of its board of directors?
I can only answer this from the standpoint of a non-profit. If you're talking about a for-profit corporation, this does not apply. The easy answer is "sometimes." In my state (Pennsylvania) it's generally accepted that your CEO should NOT be a voting member of the Board of Directors, as it could potentially cause a conflict of interest (The Board sets Executive Salary. The CEO reports to the Board of Directors). That being said, the CEO should attend all Board meetings of a non-profit to provide a report on the status of the organization.
Does a social worker have the right to decide and make decisions for a foster child without their approval or say?
No, a social worker does not have the right to make decisions for a foster child without their approval or input. Social workers are required to involve the foster child in decision-making processes and consider their best interests. Foster children have rights and their opinions and wishes should be taken into account when decisions are being made about their well-being and future.
Is there a term called sleeping director in a company?
There is silent (or sleeping) director and there is shadow director.I'll give an example for each.Silent directors do not participate in the business much, and usually do not know a whole lot about what's going on. When other directors are negligent or breach their fiduciary duties, silent directors claim that because they were not concerned with the nature of the business and because they did not know what the other directors were doing, they should not be liable. Once upon a time, this may have worked. However, all directors, now, executive and non-executive (they have no employment contract) are expected to be continually informed (AWA v Daniels) participate in the company's affairs, acquire the appropriate information to make decisions and be aware of any major dilemmas : CBA v Friedrich. As such, silent directors are expected to know what's going, and will be liable for ignorance if there is a breach in fidiciary duties or neglgience.On the other hand, shadow directors are what parent companies (or other controlling companies) are reffered to when they control the board of directors of the subsidiary, either through financial or other influences: standard chartered bank v antico. In this case, the instructions provided by the parent to the subsidiary were followed without independent consideration and also, when conflifcint matters arose, the Board of the subsidiary voted in favour of the parent (holding company). As such, when a company is a shadow director, it will owe all the normal fidicary and statutory duties owed by normal directors, and will be liable if it breaches any of them!
The decision to accept risk should be made at?
The decision to accept risk should be made at the appropriate level.
What does a board of directors do?
They oversee a company and answer to stock holders. The board of directors provides the company with direction and advice. It is the responsibility of the board of directors to ensure that the company fulfills its mission statement. In doing so, the board of directors frequently sets the company's policy objectives. A good board of directors should include knowledgeable and experienced business people. From: http:/www.wisegeek.com/what-does-a-board-of-directors-do.htm A board of directors should NOT be made up of friends and relatives; one or two members can be friends or acquaintances if they are business people or experienced board members.
Should I have my wife have an affair to make up for me having an affair?
what do you mean should you let her have an affair. If you wife wanted to have an affair she does not need your approval. Did, you get her approval. You sound somewhat stupid.
What are the key feature of effective boards of directors?
Effective board of directors should have many traits. Knowledge of the company, an understanding of policies, and the ability to listen to problems that may have to be addressed are key qualities of a member of a board of directors.
What are the main responsibilities of the board?
A corporation's board of directors is elected by its shareholders. The main responsibility of an American corporation's board of directors is the conduct of the corporation's business in a way that will increase shareholder wealth. The directors, however, do not personally manage the corporation's day-to-day operations; instead, they delegate that duty to the corporate officers that the directors appoint. The board also has the power to declare dividends and to make major corporate decisions. Some of these decisions acquire approval by shareholders. The board should also have an Audit Committee to oversee and approve outside accounting services offered by public accounting firms. Since the Sarbanes-Oxley Act was passed in 2002 after the accounting fraud scandals associated with Enron and other big companies, both directors and chief officers of publicly traded companies are now required to have place a system of internal control and to report to the Securities Exchange Commission regarding the effectiveness of the system in preventing misstatement of financial information. They must report any change in the system. In addition, they must report on the effectiveness of the company's control over financial reporting and that report is now a required part of the annual audited financial reports required of all publicly traded U.S. corporations.
What are the responsibilities of the Board?
A corporation's board of directors is elected by its shareholders. The main responsibility of an American corporation's board of directors is the conduct of the corporation's business in a way that will increase shareholder wealth. The directors, however, do not personally manage the corporation's day-to-day operations; instead, they delegate that duty to the corporate officers that the directors appoint. The board also has the power to declare dividends and to make major corporate decisions. Some of these decisions acquire approval by shareholders. The board should also have an Audit Committee to oversee and approve outside accounting services offered by public accounting firms. Since the Sarbanes-Oxley Act was passed in 2002 after the accounting fraud scandals associated with Enron and other big companies, both directors and chief officers of publicly traded companies are now required to have place a system of internal control and to report to the Securities Exchange Commission regarding the effectiveness of the system in preventing misstatement of financial information. They must report any change in the system. In addition, they must report on the effectiveness of the company's control over financial reporting and that report is now a required part of the annual audited financial reports required of all publicly traded U.S. corporations.
