What powers does the board of directors have?
The Board of Directors plays a central role in the strategic guidance of the Company and the Group as well as in supervising the overall business activities, with powers of guidance in overall administration and of direct intervention in decisions necessary or useful to the pursuit the business purpose.
Why is Article II Section 3 of the Constitution Important?
Article II, Section 3 both grants and constrains presidential power. It further grants the President the authority to adjourn Congress whenever the chambers cannot agree when to adjourn, a power that no President has ever exercised. Section 3 imposes obligations on the President that are varied and significant.
Who had no political rights in ancient Greece?
– The adult males where the only Greeks who had political rights in each polis. The men had to live there and be born from city-state parents and over 18. The women and children and slaves and resident aliens had no political rights.
How did democracy come into existence?
The term democracy first appeared in ancient Greek political and philosophical thought in the city-state of Athens during classical antiquity. The word comes from demos ‘(common) people’ and kratos ‘strength’. All eligible citizens were allowed to speak and vote in the assembly, which set the laws of the city state.
What were the disadvantages of democracy in ancient Greece?
Decisions were made by debate and vote, and council members chosen by lottery. Decision making could be a long/tedious process. Lacked stability… who would rule next?
What is the difference between oversight and governance?
Governance is the job of the governing body, such as a committee or board, to provide direction, leadership and control. What is an oversight model? A risk-based oversight model attempts to reduce costly rework by focusing on service providers’ high-risk processes and outputs.
What is the elastic clause and what does it do?
noun. a statement in the U.S. Constitution (Article I, Section 8) granting Congress the power to pass all laws necessary and proper for carrying out the enumerated list of powers.