The Board Of Directors : Executive Officer

A chief executive officer (CEO) is the head of the company that ultimately finalizes all decisions for a company. He or she is in charge of every decision that is made. The CEO only reports to one body, which is the board of directors (BOD). The TJX companies CEO is Ernie Herrman. The TJX Companies trace back to 1919 when they were Marmaxx, and now they have 3600 hundred store in 9 different countries on 3 different continents. They have stores by different names, the ones that are located in the USA are: Marshalls, TJMaxx, Home Goods, and Sierra Trading Post. This is a discount retail company that buys their product from other brand, designers, stores, or manufacturers in bulk or out of season merchandise. Their company is growing every day. They opened the Home Goods and Sierra Trading Post, which is based online, stores only a few years back and that is when the company name switched from Marmaxx to TJX Companies.

The Board of Directors for United directs the company’s affairs in the appropriate way by meeting the interests of its shareholders and stakeholders. The board’s focus is to determine and review the company goals and policies, manage the organizational structure to ensure that the all the strategies are being implemented successfully, delegate authority to the management, and evaluates the implementation of business plans and strategies. The Chief Executive Officer (CEO) is the highest position in the United’s corporate hierarchy. The role of a United’s CEO is to develop high level strategies, take major corporate decisions, and manage the overall operations and resources of the company.

As world business has changed dramatically during recent years, chargers of business entities, including Non-Profit entities, urged to find a perfect rules in order to enhance their competence within an excellent environment. To fulfill the requirement, the National Center for Non-Profit Board has issued a paper on "Ten Basic Responsibilities of Non-Profit Boards" to clarify the roles and responsibility of the board about 30 years ago. This regulation paper requires ten basic responsibilities including Determine the organization, Select the executive director, Support the executive and review his/her performance, Ensure effective organizational planning, Monitor and strengthen programs and services, Ensure adequate resources, Protect assets and provide financial oversight, Build a competent board, Enhance the organization’s public standing and Ensure legal and ethical integrity (Richard T. Ingram, Ten Basic Responsibilities of Nonprofit Boards, Second Edition (BoardSource 2009). We will first introduce the Board of Director and purpose of Non-Profit Board of Director, then introduce all of ten responsibilities in detail and finally make extension about it.

The role of the Independent Non Executive Directors is to provide a balance to the Board and to ensure that the discussions are robust. The NEDs bring skills, knowledge and experience to the Board that the executive directors do not have as their backgrounds are different they are expected to be able to offer different ideas.

This role requires you be the face and voice of your company. As the chief executive officer, or CEO, your main concern is that the company remains at its highest well-being so the team can accomplish goals. The CEO establishes a long-term strategy, secures the necessary resources (human and financial), sets the company culture and values, and maintains team morale. Not all founders remain CEOs, but odds are, you'll be your company's first. It is a crucial role as the company grows and evolves from a scrappy startup to a complex organization.

What i’m going to compare their jobs to is a supermarket, Hannaford. Like the nucleolus, the CEO is the big rig of the company. He makes sure that everything is running properly, and smoothly. He also controls the jobs within the company and makes sure people are executing their jobs. He also tells the people incorporate what they should do which then

Chief executive develops strategies and help in the decision making process for their corporations. They also promote overall growth of the corporations. This

A public business corporation establishes a compensation committee consisting of outside directors that sets the salaries, incentive bonuses, and other forms of compensation of the top-level executives of the organization. An outside director is one who has no management position in the business and who, therefore, should be more objective and should not be beholden to the chief executive of the business.

An executive director is the equivalent of a CEO for a non-profit organization. The executive director of a non-profit is primarily responsible for guiding the vision and direction of the organization as established by the board of directors much like the

It is the board's responsibility to consider and authorize a suitable remuneration package for the company's chief executive officer (CEO), make recommendations with respect to the attractiveness of dividends and dividends pay out, approve stock splits, form the audit committees, approve the company's financial statements, oversee management’s involvement in the shareholders and other stakeholders long-term interests and recommend or discourage major decisions such as acquisitions and mergers.

The remuneration committee is in charge of monitoring all matters relating to executive pay, performance assessing, and levels of compensation; members should be independent NEDs. (FRC, 2014)

Board of directors managing the corporation has occurred over a period of time and over the years. Till the 19th Century, it was assumed the general meeting of shareholders was the main part of company and the boards of directors are agent of the company and the whole company is in control of shareholders in general meeting.

The Board of directors is responsible for approving strategic guidelines, management goals and annual budgets. They also approve policies in investments, finance, corporate social responsibility, corporate governance, remuneration and evaluation of senior executives, risk control and management, shareholder remuneration and own shares.

A Chief Executive has one responsibility; to do everything necessary to ensure the success of a company. There is no explicit checklist of things a CEO is expected to do, they must attend to whatever comes up and address issues in order that everything can work

The CEO’s leadership role also entails being ultimately responsible for all day-to-day management decisions and for implementing the Company’s long and short term plans. The CEO acts as a direct liaison between the Board and management of the Company and communicates to the Board on behalf of management. The CEO also communicates on behalf of the Company to shareholders, employees, Government authorities, other stakeholders and the public.