The Role of Board According to Jensen (1993)‚ the board has the final responsibility for the function of the board. The job of the board is to hire‚ fire and compensate the CEO and to provide high level council. More precisely‚ the board has two major jobs: to monitoring the decision making of management as a representative of shareholders and to initiate and implement of decisions. The board of directors is a major mechanisms used to solve agency problem‚ which arises when the management and ownership
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Summary of the article: Nonprofit boards serve as the hub for accountability for the agency that they represent. As such‚ nonprofit agencies bare a heavy burden when recruiting members for their boards with the skills and objectivity needed to deal with the specific complexities of a nonprofit agency "When a Business Leader Joins a Nonprofit Board‚" that "Board members with no visceral feel for an organization may bring values to te table that are simply inappropriate‚" highlighting the challenge
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today’s boards of directors. 1 I would require the board of directors degree of involvement in strategic management be active participation (approves‚ questions and makes final decisions on mission‚ strategy‚ policies and objectives) or be that of a catalyst (takes the leading role in establishing and modifying the mission‚ objectives‚ strategies and policies). This would ensure that the board of directors takes a hands on approach (Wheelen‚ p. 47). 2 I would require the board of directors
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ACKNOLDGEMENT I express my sincere thanks to Mr. Inder Lal Bansal Owner of SOTC Franchisee for giving me an opportunity to undergo a project on “find out the potential and awareness of SOTC brand as well as creating awareness amongst the people of NCR region” and understanding the whole process of booking. I would also like to take the opportunity to thank Mr. Kapil(Sales Executives)‚ Mr. Gaurav(Sales Executives-WFT)‚ Mrs. Dimple Mucchal (FIT)‚ Mrs. Bhavna Tandon(FIT) and all the other employee
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Tourism can generate large amount of revenues and provide job opportunities globally. Tourism is often treated as means to develop the country and to make the country known worldwide. This leads to the construction of infrastructure and facilities which are placed in locations which has the tendency to generate revenue in conjunction to tourism. However‚ the environment‚ economy and socio-culture suffers from the acts of tourism due to the activities carried out by tourist‚ thus creating negative
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Cultural tourism is referred to the kind of tourism‚ which is concerned with the culture of a specific region or country‚ particularly in the arts. It basically focuses on the traditional communities that have diverse customs as well as the forms of art and the distinct social practices that distinguish a certain culture from the others. It would include tourism in the urban areas and even the historic and large cities‚ including facilities like theaters and museums. It also includes this in the
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MARKETING PLAN OF NEPAL AIRLINES CORPORATION BY: SAROJ BARAL 31 MAY 2013 (INDIVIDUAL ASSIGNMENT) MARKETING AND BUSINESS ENVIRONMENT MBA INTAKE 14 Table of contents 1. Executive summary……………………………………………………………………………………….4 2. Introduction………………………………………………………………………………………………….4 3. Situation analysis of Nepal Airlines Corporation………………………………………...…..5 3.1 Product and services………………………………………………………………………………..5 3.2 Market and competition….…………………………………………………………………...…..5 3.3 Competitors……………………………………………………………………………………………
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Ecotourism is a form of tourism involving visiting fragile‚ pristine‚ and relatively undisturbed natural areas‚ intended as a low-impact and often small scale alternative to standard commercial (mass) tourism. Its purpose may be to educate the traveller‚ to provide funds forecological conservation‚ to directly benefit the economic development and political empowerment of local communities‚ or to foster respect for different cultures and for human rights. Since the 1980s ecotourism has been considered
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are brought in the primary market to develop the liquid market of the company. Capital is the most important factor for the development and success of an organization. Capital plays an essential role at every stage of the business. Seed money invested at the start of the business plays the vital role. For a newly established organization capital can be generated through different means. Public company collects the capital from capital market through public issue of ownership of the organization
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Women’s Property Rights Movement in Nepal by Binda Pandey Nepal is still running under strong feudalistic social values and norms. There were no clear provisions regarding Nepalese women and property rights until 1975. Following the UN Declaration of 1975‚ which was International Women’s Year‚ the Nepali government began to celebrate International Women’s Day on the 8th of March. That same year‚ the Civil Code was amended and a clause on women’s inheritance and property rights included. The
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