| Topic : Performance Management |
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Posted in Community :
THINKING CREATIVITY PEOPLE
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Activity:
Question posted: 11 10 2010 09:49:43 +0000,
0 answers, 89 views, last activity
11 10 2010 09:50:52 +0000
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If your board wants to have some tools to evaluate the President's performance, I suggest the following approach:
Upon appointment as President, he should be given specific goals or
objectives for the next 5 years. These goals and objectives are further
broken down into years and quarters. Generally, the objectives are
financial and profit objectives. At the end of each year, the Board
decides whether the president and his team attained the planned
objectives and decides how much bonus the president will receive. The
Board should establish the performance expectations and make sure the
President is informed. By the way this does not apply if the
President is the owner of the company.
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its really very excellent Mr manoj |