Organizations are human undertakings, operating in an increasingly uncertain, complex, interconnected, and volatile world. They often have multiple stakeholders with diverse, changeable, and sometimes competing interests. Stakeholders entrust organizational oversight to a governing body, which in turn delegates resources and authority to management to take appropriate actions, including managing risk.
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BoardCompanions is an association intended to professionalize the functioning of the boards of social profit organizations (SPO). Its action takes place mainly within the boards of SPO by discreetly being an actor of change.
The closing of the accounts involves many technical, regulatory, and organizational issues. The Audit Committee, under the control of the Board of Directors, is responsible for ensuring the smooth running of this process.