The job description prescribes the rights and obligations of the board management: its powers, area of ​​responsibility, conditions for bonuses, and penalties. These documents help the head of the company manage subordinates and control their work. What is a job description? The legislation does not require the creation of such documents. They are created taking …
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Responsibilities of Boards of Directors
The role of the board of directors and its place in the corporate governance system are defined at the level of legislation and are also disclosed in the Corporate Governance Code. In this article, more about it. Board of directors as a key element of corporate structure Changes in the external environment and new challenges …
What Is the Difference Between Vision and Mission Statements?
The starting point of strategic planning is the identification and formulation of the organization’s goals. In this case, a general goal is usually distinguished, which is defined as a mission, and specific goals of a lower level. So, what is the difference between these concepts? Here is more about it. Formation of a strategic vision, …
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