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Hi, I need help with essay on Development of Organizational Governance. Paper must be at least 1000 words. Please, no plagiarized work!Download file to see previous pages... Links between executive co
Hi, I need help with essay on Development of Organizational Governance. Paper must be at least 1000 words. Please, no plagiarized work!
Download file to see previous pages...Links between executive compensation and the accomplishment of financial and non-financial goals. Management of any sort of risk taken by the organization as a whole, or any part of the organization. Management of the lack in the skills, expertise, knowledge or any necessary quality of the board members. The quality, capability and standard of the board that identifies the social, economic and environmental issues and manages them as well, also understands and predicts the risks as well as utilizes all sorts of opportunities. Internal accountability: Internal accountability involves the internal operations of any organization. It deals with the internal processes of monitoring, managing and financing matters of an organization. It deals with the relations, works and processes made by the internal stakeholders of an organization. The internal stakeholders of an organization basically decide and make up the internal accountability of an organization. ...
and loss of an organization are the ones who build up the standards of the external accountability of an organization, as they are the ones on whose fulfillment of expectations and demands determines the appropriate levels of external accountability. “The purpose of external accountability is so that we can develop a stronger and more powerful sense of internal accountability.” (Tom Weber) Internal accountability in the not-for-profit organizations: Internal accountability in the not-for-profit organizations refers to the internal stakeholders such as employees, managers, directors etc, their quality of work and the coordination between them which leads to the welfare of the public or any other organization whom they are responsible to benefit. Profit is not their motto, their main aim is to provide services to others, therefore, the needs of others and their fulfillments by the staff and the financial resources of an organization are all a part of the internal accountability of a not-for-profit organization. Internal accountability in the for-profit organizations: Internal accountability in a for-profit organization similar to the internal accountability of a not-for-profit organization, refers to the internal stake holders such as employees, directors, managers, shareholders etc and the coordination between them. But, the difference between both of them is that, the internal accountability of a for-profit organization deals with the profits and loss made by the company, Such organizations don’t work for the profit of others, instead they work for their own profit, therefore, they are basically concerned how well the internal stakeholders work in order to make more and more money for the organization.