Women and Honor: Some Notes on Lying by Adrienne Rich

The board is responsible for not only formulating and supporting the company strategy but must also develop policy and select senior executives while ensuring that all these actions guarantee accountability of the company and its activities . The board of directors is ultimately responsible for governance of the corporation

It is important that managers and directors develop a system of governance that aligns the goals of all the stakeholders . They must then assess this system regularly in to ensure its efficacy

Roles of Leaders and Executive Managers

Leadership is essentially an

aspect of management . Executives possessing the advantage of leadership skills are likely to be successful and followed . However , one must not confuse a leader for a manger or vice versa

A manager may be a leader but not necessarily . A manager strives maximize the productivity and yield of and organization through the tools of administrative realization . We are all familiar with the functions of a manager , that is , organization , planning , staffing directing and controlling

Leadership falls in to the directing component of the manager 's functions . A manager can often not carry out his allocated aims if he merely possesses the characteristics of a leader he must also be given official authority to be effectual , For any quality initiative to take hold , senior management must be involved and act as a role model . This involvement cannot be delegated (Predpall , 1994

The frequently touted statement Managers do things right , while leaders do the right thing (Pascale , 1990 ) holds a strong ring of truth . Executives are bound to decide upon and closely follow policies while leaders are more likely to follow intuition and challenge policies , Leaders stand out by being different . They question assumption and are suspicious of tradition . They seek out the truth and make decisions based on fact , not prejudice...