This website uses cookies to ensure you have the best experience. Learn more

Management And Board Issues Essay

1074 words - 5 pages

Non-Profit Sector in Canada
The non-profit sector in Canada is one of the largest in the world, second only to Netherlands. Canada’s non-profit sector employs about 12.8% of its active economic population. Although the non-profit sector is not considered a specific industry, its Gross Domestic Product (GDP) can be compared to several key industries in Canada. Statistics Canada divides the Canadian non-profit sector into two: the core non-profit sector and the overall non-profit sector. The core non-profit sector excludes hospitals, universities, and colleges. Including hospitals, universities, and colleges, Canada’s non-profit sector contributes in excess of $100 billion or approximately ...view middle of the document...

The board must be sufficiently skilled in management to assess the work of the CEO and assist in strategic decision-making. Non-profits have increasingly begun to rely on efficient managements to succeed in their missions, goals, and objectives. Across the non-profit sector, the most successful organization appears to be the ones with strong CEOs and an equally strong board. Ironically, in the past, management was considered a “bad word” in the non-profit world as a practice at odds with what some regard as the essence of the sector: voluntarism, philanthropy, compassion, and a concern for the public good. In the last two-three decades however, non-profits have grown into their roles and stature as major economic forces and important political actors. In essence, non-profits have come to embrace the culture of the business world, and the skills largely associated with senior managers in the for-profit sector.
The increasing employment of ‘business’ like management strategies by non-profit organizations has also led to increased scrutiny of managements in this sector. On top of that, an increasingly aware public has begun to hold the management accountable for the operations and the practices of the organization. From raising funds to perceived or real excessive administrative expenses to how each and every dollar raised is spent is subject to questioning by the public and even the government. The topic of management and board issues is vast in nature and as such, cannot be entirely addressed by this report. For the scope of this report, only few selected issues will be addressed and analyzed. This selection will enable an in-depth look at the topics, and narrow the focus of this report. These issues were selected based on the discussions in class, their relevancy to the main topic, and how important they are in today’s non-profit environment. The following issues will be covered in this report:
1. Executive Compensation
2. Role of the Board
3. Undefined Bottom-Line
Key Issues
Executive Compensation
Executive compensation is a major issue in the non-profit sector. Salaries for top executives in the non-profit sector have climbed 25% to 50% since 2000. It is estimated that for non-profits with operating budgets in excess of $20 million, 15% of their CEOs earned $250,000 to $350,000. Executive compensation has risen...

Other Essays Like Management and Board Issues

Project Roles and Responsibilities Essay

1180 words - 5 pages issues at project level. Managing project scope and change control and escalating issues where necessary. Monitoring project progress and performance. Providing status reports to the project sponsor. Managing project training within the defined budget. Liaises with, and updates progress to, project board/senior management. Managing project evaluation and dissemination activities. Managing consultancy input within the defined budget. Final

What The Stakeholders Want From The Company Compared To The ASX Corporate Practice Guidelines And Making Views About Balancing The Difference Between Both

1724 words - 7 pages third party chosen by two or more persons to keep in deposit property or possession of which is contested between them, and to be delivered to the one who shall establish his right to it. But as being a part of a company, stakeholders may find themselves in conflict with the company on various issues based on division of powers, management control etc. (Tomasic, Jackson, Woellner 1992). So to cover this point of conflict, corporate governance

Boards of Directors’ Composition and Financial Performance: the Columbia Sportswear Case

4807 words - 20 pages management team, their associates, or families; are not employees of the firm or its subsidiaries; and are not members of the immediate past top management group (Jones & Goldberg, 1982). Minority representation refers to the status of ethnic minorities and the representation of females on the board. These directors are presumed to reflect the values of society at large, not only those of the shareholders. Now we will proceed with the contribution of

Mba560 Week 6 Corporate Compliance Report Citigroup

2176 words - 9 pages implementing ERM is it has a Chief Risk Officer or a position that manages enterprise risk. Because ERM is a fairly new management discipline, what constitutes best practices in ERM is yet to be defined. Many believe effective ERM can be achieved simply by expanding their SOX-related reporting and controls efforts, which is not the case. Corporate governance is a process a board carries out to provide direction, authority, and oversight of

Corporate Law

3426 words - 14 pages [pic] Corporation Law BULAW 5915 1/22/2013 Suneel Younis Mughal Ub 300 92 001 1.0 Corporate Governance Corporate Governance practice aim to ensure that the board is accountable to stakeholders, especially shareholders, and that management is accountable to the board (Lipton, Herzberg & Welsh, 2010).It is helpful to an understanding of corporate governance to appreciate that it is concerned with how corporate entities are

Worldcom: the Final Catalyst

561 words - 3 pages thinking they would be caught and punished. d. conflict of interest, they felt more responsible to the client rather than the upholding their fiduciary responsibilities. e. not adhering to their internal controls. 3. How should WorldCom’s board of directors have prevented the manipulations that management used? WorldCom’s board of directors should have prevented the manipulations that management used by establishing a code of ethics. This

Corporate Governance - David Jones

2262 words - 10 pages these board members could amount to a breach of the law, as well as speaking about ASIC and their investigation into the men. ASIC conducted a thorough, two month long investigation, only to find themselves no choice but to declare no further action could be taken. The area of risk management frameworks and whether the David Jones board members even followed their own stated frameworks, as set out in their constitution and printed yearly in

Concord Bookshop

525 words - 3 pages revenue the board has decided to implement a management change. This move caused several employees to quit and the local authors to take up the pen and write the board in protest. In reading the story of the Concord Bookshop it is easy to see that a change was needed for the store to be profitable. It is not known if the board’s decision to change management was the correct one, but it is easy to see that the board grossly underestimated the

Management Controls of Freddie Mac

1774 words - 8 pages until they have reached a mandatory retirement age as the same Directors oversaw the same CEO, COO and general counsel from the period starting in 1990 until 2003. After the investigation it was determined that the Board of Directors was informed of the control weaknesses in the firm, as well as the efforts management undertook to shift current period income to future periods. The Board, however, did not recognize the issues with these actions and

Enron, WorldCom, HIH, Qantas NZ, Etc-Corporate Governance Failure!

3289 words - 14 pages business.The view that the recent multinational company's collapses and corporate governance reforms will be discussed in the United States, Britain, Australia and New Zealand context in this paper. In response to these issues, I will highlight board contributions to the performance of the company with the involvement of board role on the implications of governance failures. Discussion will also be given to increasing board effectiveness by means of

Business Report

3349 words - 14 pages shareholders. The MD & CEO is appointed by the Board with the support of the Nomination Committee. He may delegate the management function within such authority limits. He is accountable to the Board for the exercise of the delegated authority and with the support of its delegates must report material matters to the Board with accurate and timely information. In order to assist the Board in providing detailed analysis of key issues and to ensure

Related Papers

Management And Organizational Structure Issues Essay

1179 words - 5 pages The Spectrum Brands Organize Using A Matrix Structure A matrix structure as a project management structure sets up teams from different departments, thereby creating two or more intersecting lines of authority. Also, matrix addresses issues that arise with the growth, diversification, productivity, and competitiveness in its structure. Matrix structures provide flexibility, enhanced cooperation, and creativity. They enable the company to

Critically Examine Sources And Implications Of The Quality Management Issues Facing Toyota In The Usa And Europe 2009 2010

3244 words - 13 pages Contents page 1. Introduction 2. Main characteristics of Lean Production Management System 3. The role of quality management in the development of the Toyota Production Management System and kaizen continuous improvement 4. Toyota and suppliers 5. Toyota’s quality problems 6. Future options 7. Conclusions 1 Introduction Toyota Motor Corporation is the multinational corporation based in Japan by

Analyzes The Organization’s Basic Legal, Social, And Economic Environments Analyzes The Organization’s Managerial, Operational, And Financial Issues Including: Project Management Project Timelines...

892 words - 4 pages Unit 3 IP JAMES FLOWERS American inter-continental university online Professor Hannon Microsoft While Microsoft has been very successful in providing the Windows operating system to PC makers as well as the Office Suite there is growing competition from Apple in terms of both the consumer market and the corporate market. The Apple Mac OS is now becoming a viable contender in

Role And Function Of Pcaob Essay

4959 words - 20 pages investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws. The Sarbanes-Oxley Act of 2002 created a private-sector, nonprofit corporation called the Public Company Accounting Oversight Board (PCAOB) to oversee the audits of public companies and other issues. PCAOB The Public Company Accounting Oversight Board is a five member board, under the authority of the Securities Exchange Commission