Examples of board of directors in the following topics:
-
- Nonprofit management has the additional task of keeping the faith of donors.
- In most models of management and governance, shareholders vote for the board of directors, and the board then hires senior management.
- Senior management is generally a team of individuals at the highest level of organizational management who have the day-to-day responsibility of managing a company.
- They hold specific executive powers conferred onto them by the board of directors and or the shareholders.
- There are most often higher levels of responsibility, such as a board of directors and those who own the company (shareholders), but they focus on managing the senior management instead of the day-to-day activities of the business.
-
- The board of directors are considered primary stakeholders with substantial power in the life of an organization.
- The board is a body of elected or appointed members who jointly oversee the activities of a company or organization.
- In a stock corporation, the board is elected by the shareholders and is the highest authority in the management of the corporation.
- In an organization with voting members, the board acts on behalf of, and is subordinate to, the organization's full group, which usually chooses the members of the board.
- The legal responsibilities of board members vary with the nature of the organization and with the jurisdiction within which the organization operates.
-
- Effective downward communication gives employees a clear understanding of the message they have received.
- In the workplace, directives from managers to employees are the most basic form of downward communication.
- Another example of downward communication is a board of directors instructing management to take a specific action.
- Differences in experience, knowledge, levels of authority, and status can make it more likely that sender and recipient do not share the same assumptions or understanding of context, which can result in messages being misunderstood or misinterpreted.
- Justify the process and benefits of effectively communicating to employees in the workplace
-
- Studies on the role of gender in leadership success show mixed results.
- In many areas of society, men have long dominated leadership positions.
- This dominance was especially apparent in business, where female members of boards of directors and corporate executives had been scarce.
- They found no distinction in types or degree of motivation or in leadership styles overall.
- As CEO of one of the largest companies in the U.S., Virginia Rometty is in a highly influential and visible leadership role.
-
- Internal stakeholders, primarily employees, owners and managers, are directly involved in the operations and strategy of the organization.
- Organizational management is largely influenced by the opinions and perspectives of internal and external stakeholders.
- Each of these groups is potentially rewarded directly for the success of the firm.
- Managers are also accountable for the decisions made, and act as a point of contact between shareholders, the board of directors and the organization itself.
- This graphic is a good illustration of the stakeholders involved in a search engine organization.
-
- As a result of its importance to the business or company, strategy is generally perceived as the highest level of managerial responsibility.
- Strategies are usually derived by the top executives of the company and presented to the board of directors in order to ensure they are in line with the expectations of company stakeholders.
- These outline, in essence, the purpose of the organization.
- Additionally, they specify the organization's scope of activities.
- Strategic planning is the formal consideration of an organization's future course, and all strategic planning deals with at least one of three key questions:
-
- A for-profit business is an organization engaged in the trade of goods or services to customers, or both, with the goal of earning profit to increase the wealth of the business's owners.
- A non-government for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff.
- Some businesses with shareholders and layers of directors and managers may choose a more formal, hierarchical approach to communicate internally.
- Their goal is to be successful not in terms of wealth but in terms of providing value to the groups of people they serve and administer to.
- Typically, shareholders do not actively manage a corporation; instead, they elect or appoint a board of directors to control the corporation in a fiduciary capacity.
-
- Different levels of management will participate in different components of this design process, with upper management creating the initial organizational architecture and structure.
- All levels of management perform these functions.
- However, the amount of time a manager spends on each function depends on the level of management and the needs of the organization—factors which play a role in organizational design.
- Top-level managers include the board of directors, president, vice-president, CEO, and other similar positions.
- As a result of this hierarchy, upper management will view the organizational design from a macro-level and consider all moving parts of the organization.
-
- Setting an organizational strategy, vision and set of values is the starting point of any new venture.
- Building in a strong sense of ethics, and an alignment with the well-being of all existing stakeholders (and society at large) is an integral aspect of the strategic planning process.
- The concept of aligning with the needs, ethics and well-being of all stakeholders is referred to as Stakeholder Theory.
- A board of directors is often elected to oversee the strategy to ensure alignment with values and ethics.
- Developing a Code of Ethics: This serves as a central point of reference for everyone in the organization.
-
- He was one of the most influential contributors to modern concepts of management.
- The phrase "management is what managers do" occurs widely, suggesting the difficulty of defining management, the shifting nature of definitions, and the connection of managerial practices with the existence of a managerial cadre or class.
- In most models of management/governance, shareholders vote for the board of directors, and the board then hires senior management.
- Towards the end of the 20th century, business management came to consist of six separate branches, namely:
- Organizing: Implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans.