MANAGEMENT

Detailed explanation-1: -The board of directors are can be called the brain of the company. They are responsible for taking all the big decisions and making policy changes. These decisions are taken in special meetings members of the board hold together, called ‘Board Meetings’.

Detailed explanation-2: -Directors are responsible for supervising the activities of the corporation and for making decisions regarding those activities.

Detailed explanation-3: -The shareholders make decisions as owners, and the directors make decisions as the managers of the company. When setting up a company, it is often the case that the initial members (shareholders) and directors are friendly and anticipate no issues with making decisions within their company.

Detailed explanation-4: -The CEO is the highest-ranking employee within any organization; they report to the Board of Directors. Core responsibilities include setting and executing the organization’s strategy, allocating capital, and building and overseeing the executive team.

Detailed explanation-5: -A board of directors (B of D) is the governing body of a company, elected by shareholders in the case of public companies to set strategy and oversee management. The board typically meets at regular intervals. Every public company must have a board of directors.