juhtimisnõukogu

A juhtimisnõukogu, often translated as a management board or supervisory board in English, is a governing body within an organization. Its primary role is to oversee the strategic direction and performance of the company. The specific composition and responsibilities of a juhtimisnõukogu can vary depending on the legal framework of the country and the type of organization, such as a private company, a state-owned enterprise, or a non-profit.

Typically, the members of a juhtimisnõukogu are appointed by shareholders or other stakeholders. They are responsible for appointing and dismissing the executive management team, approving major strategic decisions, and ensuring the company's financial health and compliance with laws and regulations. The board acts in the best interests of the company and its stakeholders, providing oversight and guidance to management.

Key functions often include setting the company's vision and mission, approving annual budgets and business plans, monitoring financial results, and managing risks. They may also be involved in issues related to corporate governance, ethical conduct, and sustainability. The effectiveness of a juhtimisnõukogu is crucial for the long-term success and stability of an organization, providing a vital link between ownership and operational management.