Corporate documents There are two documents required for an organization or a company. They are Memorandum of Association and Articles of association. The Memorandum of association and the Articles of Association serve as the constitution of the company. The directors should define these two written documents, accept and sign it. These documents are the primary purpose of their association and the company or organization. Memorandum Of Association: A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a company. It define its relationship with shareholders, creditors, investors and other members and it is […]
Types of Boards Company Boards: The Company board is responsible for steering the company toward the year’s profit goals, overseeing all levels of operation within the company, and finalizing all decisions made to keep the company moving toward its financial goals. A company’s shareholders elect its board of directors. The shareholders have regular elections, usually annually. They elect the board of directors to ensure delivery of its purpose and govern the company’s profit-making for the following year. Either the shareholders or the board members also elect a chairman of the board of directors. Depending on the corporation’s size, this person […]
Corporate Governance. Board Of Directors. Board of directors governs an organization’s activities, which can be either a for-profit company, nonprofit organization, or a government agency. The board is the highest authority in the management of a corporation. The organization’s documents determine the board’s roles and responsibilities. State laws regulate and monitor a board’s actions. A board of a company can be well compensated. The board of a nonprofit may be responsible for raising funds and making personal donations. Building a great organization is the main purpose of a Board. It always keep a vision to ensure the company’s or organization’s […]
Example of a Memorandum Of Understanding (MOU): An MOU for an expert group for finding employment for a group of people: Memorandum Of Understanding (MOU) This is a Memorandum of Understanding between ten persons listed below. Our main intention of forming this group is to find jobs for all of us. We use group efforts to find jobs for us. We will use internet, newspapers, brokers, magazines, and all the available Medias to achieve it. If one person obtained a job in between our search, he is will help others to get job until the end of its tenure. Period […]
Development of expertise and knowledge through group work Everybody is an expert in some trade. But they are always lagging in some area. Even with experts in the same field, their level of expertise will vary. There is always a scope for flow of knowledge and skills from one person to another. That flow happens when people interact freely and open minded. In any place such as schools, colleges, training companies and in actual working environment of a company, instead of treating people individually, consider ten persons in to groups. If you wish some skills or knowledge from few people […]
Achieve mutual personal objectives through group support Expert Group can be used to achieve personal objectives through group efforts. Suppose one person wants to achieve some goals as a personal ambition, like getting a job. But after interacting with people, he realise that several other persons are also has the same objectives. Then he can join with them to form a group and search for their individual goals together. A simple example is the study group in our college days. What we are doing that time? We were forming an expert group. In a class everybody wants to get high […]
Executing complex work through group efforts: The skilled workers and experts can be grouped in to expert groups. Hence projects and objectives can be assigned to the group instead to an individual. Nowadays the roles are defined individually in companies. Such type of working model is having several critical draw backs. When he is on leave or he leaves the company on a fine morning, another member may not be able to take charge of the situation; because he may not be aware of the dealings that person has done on day to day basis. But think about a situation, […]
Group structure People working in an area can associate together to form a group. It is better to have ten people in the group. They should have a common objective. They will handle the technology and learning aspects of the projects. Every tenth day they sit together to share their knowledge and skills. These sharing drastically improve their performance in the operation of their daily life. But they are free from other legal obligations. Structure discussed in the Leadership team can be used for creating the Expert Group.
Expert GROUP The experts make the world. Expert group is an association of experts. Their main intention of association is development and utilization of their expertise by using group efforts. Experts are usually happy with their expert works. Experts need a simple association environment for doing their skilled work together. Expert group meant for creating such simple structure for association and working together without any legal complications. They are associated through a loosely linked memorandum of understanding without much legal obligations. They are generally not interested to complex strategic planning. The strategic planning and goal achievements are subject of leaders […]
Leadership team winding-up If the team functioning is not manageable with good sprit, then immediately take action to dismantle the team after clearing all the obligations and legal duties with its stake holders. If members of the association wish to windup the leadership team functioning, they should follow a procedure to properly close all the activities of this small organization. All the obligations related to the organization should be closed. Either executive committee or general body can initiate the winding up process, but a general body should approve the procedures. After completing all the formalities the general body meeting should […]