igazgatótanácsának

The term "igazgatótanácsának" is the genitive singular form of the Hungarian word "igazgatótanács". This translates to "of the board of directors" or "of the managing board" in English. It refers to the possessive case of a governing body within an organization, typically a company or a non-profit institution. The board of directors, or igazgatótanács, is a group of individuals elected to represent the shareholders' interests and to oversee the management of the company. When "igazgatótanácsának" is used, it indicates possession or association with this board. For instance, one might refer to "az igazgatótanácsának hatásköre," meaning "the scope of authority of its board of directors." Similarly, "az igazgatótanácsának tagjai" would mean "the members of its board of directors." The specific functions and composition of an igazgatótanács can vary depending on the legal framework of the country and the bylaws of the organization it governs. Its primary responsibilities generally include strategic planning, appointing and supervising the executive management, and ensuring the financial health and legal compliance of the entity.