Question

Explain methods for monitoring performance for corprote governance

Answer 1

Monitoring corporate performance is a critical function of every board, and an effective board monitors the overall performance of an organization, including its operational, strategic and financial objectives. A key aspect of the board’s oversight role is to actively monitor management’s execution of approved plans, as well as the organization’s progress toward meeting its objectives. It is essential for the board to prioritize and enumerate the organization’s objectives in monitoring its performance.