- Select CEO
- Sanction the CEO's Team
- Provide CEO with a forum
- Ensure management competency
- Evaluate management's performance
- Set management's salary levels, i/c fringe benefits
- Managerial integrity - continuous auditing
- Chart the corporate course
- Devise and revise policy
2. ADHERENCE TO LEGAL PRESCRIPTIONS
- Keep update of new laws
- Ensure entire organization fulfills legal prescriptions
- Pass bylaws and related resolutions
- Select new directors
- Approve capital budgets
- Authorize borrowing, new stocks issues, bonds etc
3. CONSIDERATION OF STAKEHOLDERS' INTEREST
- Monitor product quality
- Ensure employee quality of work life
- Review labor policy and practices
- Improve customer climate
- Keep community relations at the highest level
- Use influence to better governmental, professional association and educational contacts
- Maintain good public image
4. ADVANCEMENT OF STOCKHOLDERS' RIGHTS
- Preserve stockholders' equity
- Stimulate corporate growth so that the firm will survive and flourish
- Guard against equity dilution
- Ensure equitable stockholder through representation
- Inform stockholders through letters, reports and meetings
- Declare proper dividends
- Guarantee corporate survival
No comments:
Post a Comment