Role of board of directors - corporate management - Strategic Management - Manu Melwin Joy

Role of board of directors - corporate management - Strategic Management - Manu Melwin Joy

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  Role of boardof directors Corporate Management
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  Prepared By Kindly restrictthe use of slides for personal purpose. Please seek permission to reproduce the same in public forms and presentations. Manu Melwin Joy Assistant Professor Ilahia School of Management Studies Kerala, India. Phone – 9744551114 Mail – [email protected]
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  Role of boardof directors • It acts as the Trustee of Shareholders – The director’s act as representatives of shareholders and work with utmost faith and degree of honesty in protecting long term aims of wealth maximization of company.
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  Role of boardof directors • Determining the fundamental objectives and policies – The board of directors play vital role in long range planning and set the overall goal of the company within the framework.
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  Role of boardof directors • Determining the organization structure and selecting the top executives – It is the prerogative of the board to select the CEO and other top level managers.
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  Role of boardof directors • Approving financial matters – These financial matters relate to two things namely, approval of budgets and distribution of the corporate earnings.
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  Role of boardof directors • Maintaining adequate checks and controls – In the final analysis, the board of directors is held responsible for the result of the company.
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  Role of boardof directors • Statutory functions – Directors are to perform certain legal functions which are mandatory on their part.