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STUDENT DETAILS
Student Name Nikesh Giri
Student ID LC00016000099
Student Signature
OFFICE USE
Received By
Received Date
Business Organization
BBA 1313
Submitted By
Navadeep Shrestha
LC00016000098
Submitted To
Mr. AashishPanday
On 22nd February, 2019 (Friday)
Table of Contents
Abstract ...................................................................................................................................... 4
Chapter 1:- Introduction ............................................................................................................. 5
1.1 Context Information: ................................................................................................... 5
1.2 Purpose of Study: ........................................................................................................ 6
1.3 Significance of Study: ................................................................................................. 6
1.4 Literature review: ........................................................................................................ 6
1.5 Research Methodology:............................................................................................... 6
Chapter 2:- Data Analysis and Presentation .............................................................................. 7
2.1 Company Profile: ............................................................................................................. 7
2.2 Roles and Responsibilities of BOD: ................................................................................ 8
Chapter 3:- Conclusion .............................................................................................................. 9
Bibliography ............................................................................................................................ 10
Abstract
In this report, there is the explanation of the roles and responsibilities that a Director must
carry out if selected in BOD of a newly formed private Joint Stock Company. Being a
Director is a difficult task initially but being a director of a newly formed company is much
way too difficult because it has just started and if things are not carried out properly then
there might be chances of failure. In this report a cosmetic manufacturing company has been
recently established and the director must take actions very carefully for proper functioning.
This reports reader will be able to learn about the roles and responsibilities of a director that
has been selected to run a newly established Private Joint stock company.
Chapter 1:- Introduction
The role of the Board is to oversee the management of the Corporation and to represent
the interests of all the Corporation’s stockholders. The Board meets in regular session at
least six times per year and as otherwise required. Directors are expected to attend all
Board meetings and meetings of committees on which they serve, and they are frequently
called upon for advice and counsel between formal meetings. Responsibility is a duty or
obligation to satisfactorily perform or complete a task that one must fulfill and which has
a consequent penalty for failure.
1.2 Purpose of Study:
The main purpose of this report is to understand about the roles and responsibilities of
Director in Private Joint Stock Company.
Our Vision
“Provide a wide variety of good cosmetic products in a reasonable price.”
Our Mission
“To produce and provide a wide variety of beauty products to both men and women
which could be used for daily personal or professional use in a reasonable rate. And also
to provide the products all over the nation which ensures the presence of the company in
the market.”
2.2 Roles and Responsibilities of BOD:
The roles and responsibilities of BOD are given below:-
Interacting with key stakeholders to inform them of achievements and ensuring they
have input into determining strategic goals and direction.
Establishing the policy framework for governing the organization from which all
operational policies and actions are developed.
Defining key relationships between the organization and its stakeholders and other
key individual and organizations/groups.
Monitoring CEO and organizational compliance with the relevant federal, state and
local legislation and bylaws, and with the organization’s own policies.
Assessing risks facing the organization, establishing a risk management plan and
monitoring compliance.
Establishing a company is difficult but keeping it running properly is a next level thing. For
the proper running and wellness of business the BOD must take the steps very carefully. If
the steps are faulty then there might be problems which will harm the company eventually.
The roles and responsibilities must be properly carried out by the BOD which will make
ensure the existence of the company.Directors attend board meetings, evaluate management
performance, tend to major decisions (such as making acquisitions or selling the company),
declare dividends, create stock-option policies (including approving grants to key managers)
and establish executive compensation packages etc. which must be carried out and are
essential for the company.
Bibliography
Investing Answers. (n.d.). Retrieved from https://investinganswers.com/financial-
dictionary/businesses-corporations/board-directors-4871
Research gate. (n.d.). Retrieved from
https://www.researchgate.net/publication/283296349_The_Relationship_of_Board_C
omposition_to_Company_Performance_in_Small_and_Medium_Sized_Family_Firms
_A_Theoretical_Model/download