The Ideal Board Assignment By Varsha Fotedar

Management is the allocation of scarce resources against an organization 's objective, the setting of priorities, the design of work and the achievement of results. Most important, it 's about controlling.

What is management? According to Kinicki Williams textbook “Management, management is defined as the pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization resources (Ch. 1, pg. 5 Management: A practical introduction). I believe in order to be an effective manager you must be a positive, goal orient, organized individual. I also believe an effective manager is an individual that motivates their staff and leads by example. I believe all managers should follow the management process.

Gill puts forth his four pillars of excellence in which he thinks every good board possessed. These pillars are Board Development, Management of board work and meetings, decision making and . board and organizational culture.Throughout this paper I will show how after the departure of sarah the league designed and created a good board by implementing each pillar.

A business develops in course of time with complexities. With increasing complexities managing the business has become a difficult task. The need of existence of management has increased tremendously. Management is essential not only for business concerns but also for banks, schools, colleges, hospitals, hotels, religious bodies, charitable trusts etc. Every business unit has some objectives of its own. These objectives can be achieved with the co-ordinated efforts of several persons. No organisation can run successfully unless there is someone to manage its activities. Managers are needed to convert disorganised resources of men, material, money, machines into useful and effective enterprise.

Management is the basis of how any given organization operates and how each activity preformed is organized that makes each day possible and profitable for the overall good of the company. Power

Although it is important not to underestimate the breadth and width of the knowledge and wisdom currently present on our Faculty board, we would like to expand that further as opportunities allow. Practically speaking, there is a limit to how many faculty members can be on an advisory board. Adding two more may be possible but we feel that beyond that, the board may become overcrowded. We want to respect the time each of these individuals dedicates to the group, not waste it by having too many advisors. We would appreciate you suggestions on finding the balance between a diverse group and an oversized crowd.

The board of directors are responsible for directing and controlling the business while ensuring the best interest of its investors. Board of directors of EAM Maliban Textile (Pvt) Ltd consists of four Executive Directors (ED) and three Non- Executive Directors (NED) out of those NEDs two of them can be identified as Independent Non- Executive Directors (INED). The board members as follows;

Joshua Kennon (2007), stated that “The board of directors is the highest governing authority within the management structure at any publicly traded company and is usually made up of the directors who are elected for a specific number of years by the shareholders”. According to Wikipedia,” A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization”.

Finally, Hausman needs to evaluate the cost. Since members of a board of directors have a great responsibility for the company, they are compensated accordingly, whereas members of an advisory board are not compensated or compensated to a lesser degree.

The Board of the Company consists of 11 (eleven) Independent Directors and 2 (two) Inside Directors. They have expertise in the areas of business, finance, law, audit and public companies.

Management is usually the people that hold the business together. Whether it is making schedules, making sure the books are right or even helping out when needed, management is an important aspect of every business. According to Web Finance (2014), “Management is the organization

Management is the art, or science of achieving goals through people. More broadly management is the process of designing and maintaining an environment in which individuals, working together in groups efficiently accomplish selected aims (Kontz and Weihrich 1990, p.4). Therefore management refers to the development of bureaucracy that originates its importance from the need for co-ordination, strategic planning and directing and controlling large and complex decision-making processes. Management is concerned in the key areas of: administration, problem solving, organisational leadership and human resource management.

Management in business is the coordination of people to accomplish set goals efficiently and effectively. It comprises of planning, organising, staffing, leading, and controlling an organisation. Management itself is also an academic discipline, a social science whose object of study is social organisation in order to accomplish a mutual goal.

Management in business and human organization activity, in simple terms means the act of getting people together to accomplish desired goals. Management comprises planning, organizing, ->resourcing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.

Management can be defined as the art or act of doing things or activities through the efforts of other people to accomplish desired goals. It deals with the organising and coordination of people, activities, materials, machines and money.