What Is a Nontraditional Organization Structure and When Might It

question 60

Essay

What is a nontraditional organization structure and when might it be appropriate?

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Definitions:

Proxy Vote

A vote cast by one person on behalf of another during shareholders' meetings, typically when the shareholder cannot attend but wants their vote on corporate matters to be counted.

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership and entitlement to a portion of the profits.

Board Of Directors

A group of individuals elected to represent shareholders and oversee the major decisions and policies of an organization.

Management

The process of directing and controlling a group of people or an organization in order to achieve a goal.