In a public limited liability company, planning is carried out by?
Answer Details
In a public limited liability company, planning is carried out by the board of directors. The board of directors is responsible for the overall management of the company and makes decisions on behalf of the company's shareholders. Planning is an important aspect of management, and it involves setting goals and objectives for the company and determining the strategies and tactics that will be used to achieve them. The board of directors is responsible for developing and approving the company's strategic plan, which outlines the company's long-term goals and the strategies that will be used to achieve them. The board also approves the annual budget, which sets out the company's financial goals for the year and the resources that will be allocated to achieve them. While the chairman of the board plays an important role in leading the board and ensuring that its decisions are implemented, planning is the responsibility of the entire board of directors, who work together to develop and implement the company's plans and strategies. Employees may be involved in the planning process, but ultimate responsibility lies with the board of directors. Shareholders, on the other hand, play a more passive role in the company and do not have direct responsibility for planning or managing the company.