Question

Among the following which are the powers of the management committee.

1. Sanction transfer and withdrawal of shares.

1. Pass annual budget.

2. Constitute subcommittee

3. Conduct decision of profit as per rules and byelaw.

• A. 1 and 2
• B. 2 and 3
• C. 1 and 3
• D. 2 and 4

Answer 1

Answer:

C. 1 and 3

A management committee has many powers and responsibilities, including:

• Setting direction

  The management committee acts as a figurehead and sets the direction of the organization.

• Representing the organization

  The management committee represents the organization publicly and speaks on its behalf.

• Ensuring compliance

  The management committee ensures that the governing document and policies are complied with.

• Managing finances

  The management committee is responsible for financial management, including fundraising.

• Managing staff

  The management committee is responsible for staff management, including the direct supervision, appraisal, and development of staff.

• Developing policies

  The management committee is responsible for developing and implementing policies and procedures.

• Providing quality services

  The management committee is responsible for providing quality services to members and/or clients.

• Setting up committees

  The management committee may set up committees and sub-committees to achieve the aims and objectives of the association.

• Preparing the budget

  The management committee may prepare the annual budget of the association and implement it.