The board of directors is a group of individuals who are responsible for overseeing the management and direction of a company or organization. In a broad sense, a corporate board of directors acts as a fiduciary for shareholders.
🔴 The board has several key roles and responsibilities, including:
🫵🏻 Hiring and overseeing senior management: The board hires the CEO and other senior executives and is responsible for overseeing their performance and ensuring that they are acting in the best interests of the company.
🫵🏻 Monitoring financial performance: The board reviews the company’s financial statements and ensures that the company is managing its finances responsibly.
Ensuring compliance with legal and ethical standards: The board is responsible for ensuring that the company is complying with all applicable laws and regulations, as well as maintaining high ethical standards.
🫵🏻 Providing guidance and support to management: The board provides guidance and support to senior management as needed, and may offer advice on key business decisions or challenges.
🫵🏻 Representing the interests of shareholders: The board represents the interests of the company’s shareholders, and works to ensure that the company is maximizing shareholder value.
Setting the overall direction and strategy of the company: The board is responsible for setting the company’s strategic goals and direction, and ensuring that management is taking the necessary steps to achieve those goals.
Overall, the board of directors plays a critical role in ensuring that the company is operating in a responsible and effective manner, and that it is delivering value to its shareholders and other stakeholders.
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🔴 This video might be useful for students preparing for -
🫵🏻 11th Commerce #11thcommerce
🫵🏻 12th commerce boards #12thcommerce
🫵🏻 CUET #cuet
🫵🏻 CSEET(CS FOUNDATION ICSI) #cseet
🫵🏻 CA Foundation #cafoundation
🫵🏻 UGC NET COMMERCE #ugcnetcommerce
🫵🏻 LLB #llb
🫵🏻 UGC NET LAW #ugcnetlaw
🫵🏻 Economics Students
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🔴 In this video-
Teacher's Name - CS Payal Popli
Topic - BOARD OF DIRECTORS
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#padhakulog #economics #economicstudent #statistics #economics11thclass
#csfoundation #icsi #companysecretary #companiesact2013 #commercestudents
#legalaptitudeandlogicalreasoning #cuet #cuetpreparation
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29 авг 2024
