Nature of Board Level Decisions and the Contribution of the Finance Director
Nature of Board Level decisions and the contribution of the finance director
The performance of any organization, may it be for profit or not for profit, heavily depends on the decisions that are made by the management of the organization. It is worth noting that decisions made in the organization differ greatly, depending on the position of those involved in making those decisions. The board is one body that plays a crucial role in determining the future of an organization, based on the nature of the decisions that they make. A board refers to a group of individuals who have been legally accorded the responsibility of governing an organization. Another key player in decision making is the finance director. Unquestionably, financial resources are one of the key resources for any organization, and for that reason, the contributions of the finance director influences the decisions that are undertaken or rather formulated by the board of directors. This easy seeks to critically analyze the nature of board level decisions as well as the contribution made by the finance director in the formulation of these decisions.
Composition of board members varies from one organization to another, depending on its nature as well as its objectives. Despite of these variations, the decisions made at the board level tend to be similar in one way or another. Being at the top in managerial rank in the organization, the nature of decisions that are made by the board varies a lot, as these decisions affect the organization in all perspectives, (Christopher, 2004). For instance, decisions made by the board influences the way the particular organization will be managed. The board is responsible for the selection and appointment of the chief executive, who is accorded the mandate to carry out administration duties in the organization. It is the duty of the board to determine how their organization is managed by for instance, reviewing and evaluating the performance of the chief
The performance of any organization, may it be for profit or not for profit, heavily depends on the decisions that are made by the management of the organization. It is worth noting that decisions made in the organization differ greatly, depending on the position of those involved in making those decisions. The board is one body that plays a crucial role in determining the future of an organization, based on the nature of the decisions that they make. A board refers to a group of individuals who have been legally accorded the responsibility of governing an organization. Another key player in decision making is the finance director. Unquestionably, financial resources are one of the key resources for any organization, and for that reason, the contributions of the finance director influences the decisions that are undertaken or rather formulated by the board of directors. This easy seeks to critically analyze the nature of board level decisions as well as the contribution made by the finance director in the formulation of these decisions.
Composition of board members varies from one organization to another, depending on its nature as well as its objectives. Despite of these variations, the decisions made at the board level tend to be similar in one way or another. Being at the top in managerial rank in the organization, the nature of decisions that are made by the board varies a lot, as these decisions affect the organization in all perspectives, (Christopher, 2004). For instance, decisions made by the board influences the way the particular organization will be managed. The board is responsible for the selection and appointment of the chief executive, who is accorded the mandate to carry out administration duties in the organization. It is the duty of the board to determine how their organization is managed by for instance, reviewing and evaluating the performance of the chief