I will be starting my own company. My company will be a beauty spa providing hairstyling, makeup application, skincare and will include retail sales of styling and home spa related products.
Step Two: In your own words, how would the leaders of this company utilize the principle of checks and balances to manage its resources effectively? Include at least 2 "branches" within the company.
My goal for my company will be for my husband and myself will act as the board of directors and CEO’s of the Company. We will hire a certified CPA and will have an attorney on retainer. I will rely on my employees as the workforce of the company. I will review all purchases and …show more content…
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The legislative branch is made up of the House and Senate, known collectively as the Congress. Among other powers, the legislative branch makes all laws, declares war, regulates interstate and foreign commerce and controls taxing and spending policies.
A board of directors have the ultimate decision-making authority and, in general, is empowered to set the company's policy, objectives, and overall direction, adopt bylaws, name members of the advisory, executive, finance, and other committees.
The executive branch consists of the President, his or her advisors and various departments and agencies. This branch is responsible for enforcing the laws of the land.
Just like a Chief Executive officer is the top executive responsible for a firm's overall operations and performance. He or she is the leader of the firm, serves as the main link between the board of directors (the board) and the firm's various parts or levels, and is held solely responsible for the firm's success or failure. One of the major duties of a CEO is to maintain and implement corporate policy, as established by the board. Also called President or managing director, he or she may also be the chairman (or chairperson) of the