5.1 Board of Directors - Names and Qualifications
The board of directors will bear the ultimate authority and accountability for every decision upheld by the company (Snyder, 2016). Board members are the fiduciaries who steer the organization towards a sustainable future by adopting sound, ethical, and legal governance and financial management policies, as well as by making sure the company has adequate resources to advance its mission. More so, it will set policies for the company and goals for leadership; including evaluating the overall performance of the company (Decker, 2016). The goals of the Board of Directors here at Chique Fashion is to insure profitability and develop Total Quality Management throughout the entire organization. The Board will adopt and monitor quality measures to ensure the company maximizes profits by providing foresight, oversight, and insight. Lastly, it will review the financial strength and decide on the salary scale of the CEO, Human Resources manager and CFO which is currently held by John Vlasis II. The board of directors is currently made up of the five founding partners listed below.
Scott Walden, Chairman of the Board. Mr. Walden is one of five founding members of Chique Fashion, Inc. and …show more content…
Future organizational structure will also include a director of store operations (franchisee manager) when our growth plan matures to that level of expansion. In time, territorial franchisee managers may also be required. We hope that these individuals will come out of the ranks of our growing management. This will provide a supervisory level between the executive level and the store management level. Additional management positions to support the franchise and kiosk models might be added at a later date. Such positions may include: purchasing managers, controllers, and administrative support
The board of directors will bear the ultimate authority and accountability for every decision upheld by the company (Snyder, 2016). Board members are the fiduciaries who steer the organization towards a sustainable future by adopting sound, ethical, and legal governance and financial management policies, as well as by making sure the company has adequate resources to advance its mission. More so, it will set policies for the company and goals for leadership; including evaluating the overall performance of the company (Decker, 2016). The goals of the Board of Directors here at Chique Fashion is to insure profitability and develop Total Quality Management throughout the entire organization. The Board will adopt and monitor quality measures to ensure the company maximizes profits by providing foresight, oversight, and insight. Lastly, it will review the financial strength and decide on the salary scale of the CEO, Human Resources manager and CFO which is currently held by John Vlasis II. The board of directors is currently made up of the five founding partners listed below.
Scott Walden, Chairman of the Board. Mr. Walden is one of five founding members of Chique Fashion, Inc. and …show more content…
Future organizational structure will also include a director of store operations (franchisee manager) when our growth plan matures to that level of expansion. In time, territorial franchisee managers may also be required. We hope that these individuals will come out of the ranks of our growing management. This will provide a supervisory level between the executive level and the store management level. Additional management positions to support the franchise and kiosk models might be added at a later date. Such positions may include: purchasing managers, controllers, and administrative support