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BUS 509
AU
University of the Sunshine Coast
The main idea of this part of the report is to provide a comprehensive principal that enables the agency theory of non-profit organization that helps in understanding the application of stewardship and how the governance and management of a non-profit organization takes place. These theories when combined together provide complimentary use of the agent relationship and research principals that addresses the issue of accountability in a non-profit organization (The Data Governance Institute, 2018). The contribution of stewardship can be understood best from the below pointers:
- Ensuring proper communication with the members and stakeholders of the organization that helps to establish a mission and ensure periodical review of organization’s appropriateness.
- It becomes important to identify what are the elements that will help in sustaining timely mission that will help in establishing a strategic plan to achieve the goals.
- The risk management process within the organization should be appropriate and should help in anticipation of risk in a way that the organization is prepared for the outcome.
- It also becomes important to monitor the achievement of a project or mission after setting goals and priorities that impacts the clients and inputs or activities.
Qualities of Effective Leadership and Its impact on Good Governance.
Effective governance: the roles and responsibilities of board members.
Role of Governing Boards in Fostering Accountability.
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