Study Guide

Objective

The student knows the duties and responsibilities of a limited company's board based on the provisions of the Limited Liability Companies Act. The student knows the rights and responsibilities of an individual board member. The student understands the concepts of good governance and internal control. The student knows how to apply meeting practices in board meeting situations of virtual companies. The student knows how to develop the board work of virtual companies.

The student understands the importance of right, good quality information in corporate decision-making and corporate reputation. The student is able to present information in visual form. The student understands the importance of utilizing business intelligence in business decision-making.

Students are able to listen effectively to others and present their thoughts and ideas in writing, verbally and non-verbally. Students will be able to work effectively with others in a relationship of trust that will produce positive results. The student is able to negotiate with different parties for the best results.

Students know what ethical guidelines and laws should be followed in their studies, at work, and in the business world.

Content

- the Companies Act, in particular, the provisions concerning the Board of Directors and its members
- the functions of the board
- good governance
- internal control, internal audit, and risk management
- Board work, presentation, and handling of matters in the Board
- Annual General Meeting
- effective communication with the listener in mind
- effective presentations
- the importance of professional ethics in business

Evaluation scale

1-5

Assessment criteria, approved/failed

To complete the course a student has to:
1. Be an active executive board member in virtual enterprises.
2. Prepare agendas for the executive board meetings.
3. Be able to evaluate his/her own performance in the virtual enterprise executive boards, keeping in mind the limited company law requirements.
4. Take part in further developing the virtual enterprises and updating the strategies and business plans as part of the executive board work.
5. Give feedback and suggestions on developing the working methods of the executive boards after the board meetings.
6. Prepare a learning diary

Qualifications

- Virtual Enterprise