- RELATIONSHIP, ROLES AND FUNCTIONS OF MEMBERSHIP, GOVERNACE AND MANAGEMENT WILL BE (OR SHOULD BE) SET OUT IN THE CONSTIITUTION OF THE COMPANY
-
FOR PROFIT
-
SHAREHOLDER
- OWNERS
- ELECT/APPOINT DIRECTORS OF THE BOARD
-
BOARD
- GOVERNANCE DELEGATED TO THEM
- DIRECTORS OF THE BOARD ARE ELECTED/APPOINTED BY SHAREHOLDERS
-
CHIEF EXECUTIVE OFFICER
-
APPOINTED BY THE BOARD
- UNDERTAKES AND LEADS MANAGMENT OF THE COMPANY
-
NOT FOR PROFIT
-
MEMBERS NOT SHAREHOLDERS
- OWNERS OF THE COMPANY
-
BOARD
- GOVERNANCE DELEGATED TO THEM
- DIRECTORS OF THE BOARD ARE ELECTED/APPOINTED BY SHAREHOLDERS
-
CHIEF EXECUTIVE OFFICER
-
APPOINTED BY THE BOARD
- UNDERTAKES AND LEADS MANAGEMENT OF THE COMPANY