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Two Way Governance: Presentation 11
Every year shareholders in a company
or members of an incorporated
association (NGO) meet to choose their
directors.
They are usually elected for a two-year
term, but they can stand again and
again.
The board is responsible for the
governance of the company or NGO.
Their job is to make sure money is spent
properly and it operates the right way
with the Act and the Constitution
(compliance).
They also decide how the organisation
will work by setting policies and strategic
plans.
The board will choose a chief executive
officer (CEO) to run the organisation.
The CEO takes direction from the board
and reports at every board meeting on
how the organisation is going.