Becg Bod
Becg Bod
Becg Bod
search for the best possible candidate for this position. Actively
searching within your industry can lead to the identification of very
capable people. Dont fall into the trap of hiring someone to manage the
business because he/she is out of work and needs a job. Another major
error of value-added businesses is under-compensating the manager.
Managerial compensation can provide a good financial payoff in terms
of attracting top candidates who will bring financial success to the valueadded business.
2) Provide direction for the organization. The board has a strategic
function in providing the vision, mission and goals of the organization.
These are often determined in combination with the CEO or general
manager of the business.
3) Establish a policy based governance system. The board has the
responsibility of developing a governance system for the business. The
articles of governance provide a framework but the board develops a
series of policies. This refers to the board as a group and focuses on
defining the rules of the group and how it will function. In a sense, its
no different than a club. The rules that the board establishes for the
company should be policy based. In other words, the board develops
policies to guide it own actions and the actions of the manager. The
policies should be broad and not rigidly defined as to allow the board
and manager leeway in achieving the goals of the business.
4) Govern the organization and the relationship with the CEO. Another
responsibility of the board is to develop a governance system. The
governance system involves how the board interacts with the general
manager or CEO. Periodically the board interacts with the CEO during
meetings of the board of directors. Typically that is done with a monthly
board meeting, although some boards have switched to meetings three to
four times a year, or maybe eight times a year. In the interim between
these meetings, the board is kept informed through phone conferences or
postal mail.
Sec 10E
Administration.
Constitution
of
Board
of
Company
Law
Board committees.
1. Establish committees when it's apparent that issues are too complex
and/or numerous to be handled by the entire board.
2. For ongoing, major activities establish standing committees; for shortterm activities, establish ad hoc committees that cease when the
activities are completed. Standing committees should be included in the
by-laws.
3. Committees recommend policy for approval by the entire board.
4. Committees make full use of board members' expertise, time and
commitment, and ensure diversity of opinions on the board.
5. They do not supplant responsibility of each board member; they
operate at the board level and not the staff level.
6. Committees may meet monthly (this is typical to new organizations,
with working boards), every two months, or every three months; if
meetings are not held monthly, attempt to have committees meet during
the months between full board meetings.
7. Minutes should be recorded for all board meetings and for Executive
Committee meetings if the ByLaws indicate the Executive Committee
can make decisions in place of the board when needed.
Developing Committees
1. Ensure the committee has a specific charge or set of tasks to address,
and ensure board members understand the committee's charge
2. Have at least two board members on each committee, preferably three
3. Don't have a member on more than two committees
Evaluation
Executive
Finance
Fundraising
Marketing
Personnel
Product / Program
Development
Public Relations
Ethics
Nominations
Research