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Governance and Legal Requirements in an Organization

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Added on  2019-11-26

Governance and Legal Requirements in an Organization

   Added on 2019-11-26

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Running head: MANAGEMENT AND BUSINESS CONTEXT1Management and Business ContextStudent’s NameInstitutionDate
Governance and Legal Requirements in an Organization_1
MANAGEMENT AND BUSINESS CONTEXT2Executive SummaryGovernance in any given organization plays a significant role. The Bakery might be funded sufficiently, but without a team that governs it properly, the Bakery might not last long. Eat-Fresh Bakery has the capacity to meet the needs of many customers, and that can be proved by looking at the plans in place. Together with the already laid down strategies, the Bakery will make sure that it has a team of people who have outstanding skills when it comes to governing organizations. To make sure that the Bakery is not in conflict with the authorities, the legal requirements will all be met. In any given area of operation, there are rules and regulations. The rules and regulations must be followed by all parties interested in investing in the place. With this in mind, it will be wise for the Bakery to have a legal team that will make sure that all legal procedures are met. The paper will be looking at issues of governance and legal requirements.
Governance and Legal Requirements in an Organization_2
MANAGEMENT AND BUSINESS CONTEXT3Governance and legal requirementsIntroductionBehind every successful organization, there is praise that is directed to the governance of the company. At Eat-Fresh Bakery, effective governance will be put in place, and it is all with the aim of making sure that leadership provided from the top level is in line with the vision of thecompany. Effective Governance and observing legal requirements and considerations are two aspects that work hand in hand. With effective governance, there will be a team of leaders who do not violate the legal requirements. Through an effective governance and adherence to all legalrequirements, Eat-Fresh Bakery will be able to operate in a peaceful environment and make big strides towards its vision and goals.Governance Governance helps in defining and separating powers. When there are numerous people working under the same roof, there is a need to have a defined authority. Provisioning power to some individuals and outlining what is expected of them helps in bringing order and sanity to theworkplace[ CITATION Tri15 \l 1033 ]. With that in mind, Eat-Fresh Bakery will need to have a governance structure in place. The governance structure will indicate the leaders and their role inensuring that the vision of the company is realized. Governance structurea)The CEOThe CEO has the mandate of making sure that the managers and the organization at large are performing in line with the vision of the company. At the same time, he is the superior authority
Governance and Legal Requirements in an Organization_3

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