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Do corporations really need a board of directors?
Yes, corporations typically need a board of directors to provide governance, oversight, and strategic direction. The board helps ensure that the company is managed in the best interests of its shareholders and other stakeholders, while also fulfilling legal and regulatory obligations. Furthermore, a diverse board can offer valuable insights and expertise, fostering better decision-making and risk management. Overall, a board of directors plays a crucial role in maintaining the integrity and accountability of a corporation.
How much discretion does a CEO have to impose hitcher values on a corporation?
A CEO has significant discretion to influence and impose their values on a corporation, as they set the strategic direction and corporate culture. Their leadership style and personal values can shape company policies, employee behavior, and stakeholder engagement. However, this discretion is often balanced by the need to align with the board of directors, shareholder interests, and regulatory requirements, which can limit the extent of their influence. Ultimately, the CEO's success in imposing their values depends on their ability to gain buy-in from employees and other stakeholders.
What are the social responsibilities of an educational manager in order to run successfully the business?
Here we are dealing with another aspect of the work of directing and managing, namely the relationship which directors and managers have with the community in which they live and work, of which they are a part. Decisions taken by directors and managers affect the community, affect the quality of life and indeed the safety of health and life of the people in a widening area. We already defined responsibility <1> by saying that When I give a person work to do, I hold him accountable for the way in which he does it, i.e. he is responsible to me. This is the meaning of responsibility. Hence when we are talking about the 'social responsibilities of directors and managers' then we are talking about their responsibilities towards society, i.e. towards the community. What we are saying is that the purpose of enterprises is to satisfy the needs of the community and that in the end directors and managers are working for the community and that they are accountable to the community for the way in which this work is done. In other words, directors and managers are responsible to the community for what they do, are accountable to the community for the results of their work and for the way in which such results are achieved. Again, this is one end of a scale. It is the 'participative' end of the scale and describes the relationship between the community and its leadership. To understand the point of balance in the many organisations which are neither at one extreme nor the other, we again need to look at the other extreme end of the scale. In theory the 'profit motive' and 'free competition' are supposed to direct effort into areas and directions most needed by the community. In practice it is only infrequently that we have a free market in which prices for needed goods and services are freely determined by supply and demand. Oil prices are determined by what the producers can persuade the customers to pay and the oil producers consult with each other about what to charge next and in this way bring pressure to bear on their customers. Solicitors not only lay down the scale of fees for conveyancing but in addition exclude competition by preventing others from doing the same work. Prices for goods tend not to be the cost of production plus a reasonable margin but tend to be determined by what one can persuade people to pay for what one can persuade them to buy. And demand can be manipulated by the mass media. In practice directors are required by law to act first and foremost in the interests of the owners so that it is profit which is maximised. At this end of the scale, profit is maximised regardless of the cost to others, i.e. regardless of the cost to the community. Since it is long-term profits which are being maximised, profits are maximised regardless of the cost to the community but only to the extent of the likelihood <2> of repercussions. Thus we now need to consider how to assess the work of directors and managers from the point of view of the extent to which their work either serves or harms the community. Hence we now look at some major problems and disasters which have already taken place as the result of preoccupation with profit regardless of the cost to the community and draw some relevant conclusions.
How do you develop a medical shop management system?
HI, First we need to maintain a doc or software for purchase, sales and stock details and need to track all the expiry good before one month or two months and return back to whole salers Secondly we need to tract the customers satisfaction help them what are they requirements supply the medicines to there doors and give huge discounts and maintain good rap po with customers. Third- create a site or blog and advt with sign board with mammoth discount. Fourth- Exp's person or chemist need to keep the staff happy and maintain proper timings. Prabhakar.
Operations management relevant to non-business organizations such as colleges and hospitals?
Organizations such as colleges and hospitals are providing a service and in order for these services to be accomplished you need a management system that helps accomplish this service. The book says that operations management "consists of all the activities involved in transforming a product idea into a finished product, as well as those involved in planning and controlling the systems that produce goods and services."(pg284) A college is a service provided to the public and in order for that college to run properly you need operations management. The ideas come from the college board of educators, who send their ideas to the college teachers to fulfill the ideas. The teachers then produce these ideas into their students heads who then carry out these ideas in their studies as well as in their strive to be accomplished students. The college board also provides resources that the teachers and students can use in order to fulfill the ideas service.
Does a board resolution need to be signed by all directors to pass it according to the Indian companies act?
no...only signature of one dirctor is sufficient
Does the corporate real need board of the directors?
Does the corporate real need board of the directors Does the corporate real need board of the directors
Do you need a board of directors for an LLC?
No, an LLC does not require a board of directors. Instead, an LLC is managed by its members or designated managers.
Does an LLC need a board of directors to operate effectively?
No, an LLC does not need a board of directors to operate effectively. Instead, an LLC is managed by its members or designated managers.
Does the president of the company need to be a board member?
Yes I believe the President of a Company does need to be a Board Member because when you think about it the President of a Company could give the Board of Directors his or her ideas on what he or she needs to be done to improve a Company and then the Board of Directors can vote on what a Company needs and doesn't need.
Can a spouse serve on the board of directors of a condominium if his name is not on the deed?
You need to review the Master Deed to determine if the Board of Directors must be comprised of property owners. If that is the case then your spouse would not be eligible.
Does a corporation need a board of directors?
In most jurisdiction can single owner act as a director.
Do corporations really need a board of directors?
Yes, corporations typically need a board of directors to provide governance, oversight, and strategic direction. The board helps ensure that the company is managed in the best interests of its shareholders and other stakeholders, while also fulfilling legal and regulatory obligations. Furthermore, a diverse board can offer valuable insights and expertise, fostering better decision-making and risk management. Overall, a board of directors plays a crucial role in maintaining the integrity and accountability of a corporation.
How can one become a member of a board of directors and what is the process for sitting on a board of directors?
To become a member of a board of directors, one typically needs to be nominated or recommended by a current board member or shareholder. The process involves being elected by the shareholders of the company during the annual general meeting. Candidates may need to demonstrate relevant experience, skills, and qualifications to be considered for a board position. Once elected, board members are responsible for making strategic decisions and overseeing the management of the company.
What percentage of stock ownership puts you on the board of directors?
None. The board members do not need to be share holders, and a majority share holder is not automatically placed on the board, though with majority share, they can surely vote themselves in.
How do i open a bank business?
Opening a business bank account is essential for every business. The directors of the business need to pass a resolution authorising the opening of the account, and need to decide who can sign cheques.
How do i open a business bank account?
Opening a business bank account is essential for every business. The directors of the business need to pass a resolution authorising the opening of the account, and need to decide who can sign cheques.
