juhtimisnõukoda

A juhtimisnõukoda, 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 juhtimisnõukoda can vary depending on the legal structure of the organization and its bylaws. Typically, it is composed of individuals with expertise relevant to the company's operations and industry.

The functions of a juhtimisnõukoda often include appointing and dismissing the executive management team, approving major business decisions such as significant investments or mergers, and ensuring the financial health and ethical conduct of the company. They are responsible for representing the interests of shareholders and other stakeholders. In some legal frameworks, the juhtimisnõukoda might also have a role in setting the overall strategy and long-term vision, while the day-to-day operations are managed by an executive board or similar body. The degree of independence of the juhtimisnõukoda members from the executive management is a key factor in its effectiveness as a governance mechanism. Regular meetings are held to review reports, discuss performance, and make decisions.