Which THREE of the following responsibilities of senior management are essential to ‘ensuring success’ for theOrganization?
CIMA has described the two roles of enterprise governance as ‘preventing failure’ and ‘ensuring success’. CIMA sees ‘preventing failure’ as being related to having proper risk management and corporate governance procedures in place. CIMA sees ‘ensuring success’ as being concerned with the practise of strategic management.
Which THREE of the following responsibilities of senior management are essential to ‘ensuring success’ for theOrganization?
A . Providing leadership and direction to theOrganization.
B . Maintaining awareness and responsiveness to abrupt change in theOrganization’s environment.
C . Demonstrating competence in the execution of new initiatives.
D . Avoiding the dominance of the executive team by particular personalities.
E . Ensuring conformance with the codes of corporate governance.
Answer: A,B,C
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