Board of Directors vs Management
Board of Directors(BOD) is an organized group of people which are elected normally by the stockholders of the firm generally at an Annual general meeting or (AGM) with the collective authority to control and foster an institution, and to govern the firm and look after the subscribers’ interests.
Management is the group of individuals who are hired by the Board of Directors that operate at the higher levels of an organization and have day-to-day responsibility for managing other individuals and maintaining responsibility for key business functions.
Difference Between Board of Directors vs Management
Board of Directors (BOD) |
Management |
| Board of Directors(BOD) is an organized group of people which are elected normally by the stockholders of the firm generally at an Annual general meeting or (AGM) with the collective authority to control and foster an institution, and to govern the firm and look after the subscribers’ interests. | Management is the group of individuals who are hired by the Board of Directors that operate at the higher levels of an organization and have day-to-day responsibility for managing other individuals and maintaining responsibility for key business functions. |
| Board of Directors(BOD) are hired by the stockholders of the respective companies. | Management is hired by the Board of Directors(BOD) of the respective companies. |
| In the case of decision making (BOD)s are required to make decisions that will affect the future of the company. | In case of decision making Management must implement the decision made by the (BOD)s. |
| Board of Directors(BOD) are considered as the first-tier of the corporate hierarchy. | Management is considered as the second-tier of the corporate hierarchy. |
| Board of Directors (BOD) are accountable to the shareholders. | Management is accountable to the Board of Directors(BOD). |
| Board of Directors (BOD)s have a key role in the determination of the values and ethical position of the company. | Management must enact the ethos, taking their direction from the board. |
| Board of Directors (BOD)s may be held responsible for the company’s actions. | There is no such kind of legal responsibility held for the management. |
Duties of Board of Directors (BOD)s:
|
Duties of Management :
|
Board of Directors (BOD)s consists of:
|
Management consists of :
|
Similarly, You may also like:
- Difference between Collectivism and Individualism
- Difference between Questionnaires and Schedules- Methods of Data Collection | Management Notes
- Role Conflict Vs Role Strain – Difference Between Role Conflict and Role Strain | Social Roles
- Difference between Bank Guarantee and Letter of Credit – Payment Methods | Banking
(Founder of Management Notes)
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
Latest posts by Smirti (see all)
- As part of the consent process, the federal regulations require researchers to: - September 8, 2024
- Concept and Nature of Intellectual Property Rights – Explained in Detail | Business Law - January 30, 2024
- Management Information Systems Online Degree – Courses, Colleges, and Careers in MIS - January 16, 2024