Board of Director
A board of directors legally represents the interests of a corporation's stakeholders. Those stakeholders include stockholders of a publicly held corporation, donors to a nonprofit corporation and/or the communities served by either. As their representatives, the board members have the responsibility of establishing, guiding and assessing the overall direction of the corporation.
* Job Specification
a job specification is a written statement of educational qualifications, specific qualities, level of experience, physical, emotional, technical and communication skills required to perform a job, responsibilities involved in a job and other unusual ...view middle of the document...
• Meet with board of directors and other executives to determine if company is in accordance with goals and policies.
• Oversee budgets.
• Nominate citizens to boards and commissions.
• Encourage business investment.
• Promote economic development within communities.
• Direct the organization's financial goals, objectives, and budgets.
• Implement the organization's guidelines on a day-to-day basis.
• Preside over quality control.
• Hire, train, and terminate employees.
• Develop and implement strategies and set the overall direction of a certain area of the company or organization.
• Oversee the investment of funds and manage associated risks, supervise cash management activities, execute capital-raising strategies to support a firm's expansion, and deal with mergers and acquisitions.
• Provide visionary and strategic leadership for the organization.
• Collaborate with the board of directors to develop the policies and direction of the organization.
• Ensure members of the Board of Directors have the information necessary to perform their fiduciary duties and other governance responsibilities.
• Develop and maintain relationships with other associations, industry, and government officials that are in the best interest of the company.
• Provide adequate and timely information to the Board to enable it to effectively execute its oversight role.
• Direct staff, including organizational structure, professional development, motivation, performance evaluation, discipline, compensation, personnel policies, and procedures.
Knowledge and Skills/Specification
• Plan, develop, organize, implement, direct and evaluate the organization's fiscal function and performance.
• Participate in the development of the corporation's plans and programs as a strategic partner.
• Evaluate and advise on the impact of long range planning, introduction of new programs/strategies and regulatory action.
• Develop credibility for the finance group by providing timely and accurate analysis of budgets, financial reports and financial trends in order to assist the Board and senior executives in performing their responsibilities.
• Enhance and/or develop, implement and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the corporation.
• Establish credibility throughout the organization and with the Board as an effective developer of solutions to business challenges.
• Provide technical financial advice and knowledge to others within the financial discipline.
• Continual improvement of the budgeting process through education of department managers on financial issues impacting their budgets.
• Provide strategic financial input and leadership on decision making issues affecting the organization; i.e., evaluation of potential alliances acquisitions and/or mergers and pension funds and investments.
• Optimize the handling of bank and deposit relationships and initiate...