Governance Structure in an Organization | Board of Directors | Board Level Sub Committees
Unleashing Governance, Board Oversight, Board Committees and Management Governance Board of Directors and Board Sub-Committees Institutions such as banks, money service businesses (MSBs), payment gateways, financial technology (Fin-Techs), eCommerce, Manufacturing, trading, and other organizations need to develop and implement strong Governance Structures and Mechanisms to manage the affairs of the institution. Shareholders are required to ensure that they hire a dedicated team to oversee the overall business and operations on their behalf, therefore to govern the institution the Board is formed and suitable and experienced members are hired to join the Board. The Board of Directors may be dependent and independent, depending on the applicable Governance requirements, such as the Code of Corporate Governance implemented by regulators in the country. Board Committees The Board of Directors forms different sub-level board committees to dedicatedly oversee specific matters and i