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hypertext transfer protocol://www.nkfs.org/index.php?option=com_content&task=view&id= cxlv&Itemid=96 http://en. completelyexperts.com/e/t/t/t.t_durai.htm 1) earlier=KPMG found that the actor NKF tabular array delegated all powers to the Executive Committee, which in turn delegated most, if non all, powers to the former Chief Executive Officer, Mr TT Durai. The Board was by and large an ineffective one, which resulted in the ingress of power and authority in Mr TT Durai. 2) After= The rude(a) NKF Board consists of a impanel of eminent professionals who are experts in their respective fields. Their roles and responsibilities are intelligibly spelt out and sound delineated from the executive vigilance and round. The Board has also organize 7 committees in betoken of specific areas: Audit Committee, pay Committee, Legal/Governance Committee, HR/Remuneration Committee, Investment Committee, nomination Committee and Medical Committee. 3) Before=Under the former NKF management, the NKF did not have a form-only(prenominal) remuneration form _or_ system of political relation nor a comprehensive HR policy on staff benefits, which led to the apparent arbitrary goal and awarding of promotions, honorarium increment, action bonus and other discretional payments.

4) After = Now, the NKF has in the altogether HR policies that contain deport guidelines masking piece all aspects of staff benefits and entitlements as well as HR processes. just about of these polices are already in force composition others, wish the new earnings policy, will be introduced from 1 Jan 2006. When the allowance policy is implemented, ! the NKF will have a clear salary and grade structure and in that locationfore a advancement pass for its staff. It will define salary ranges, annual increments, performance payments and there will be defined processes. 5) The former NKF Board had a Finance Committee, but was largely ineffective. KPMG found many breaches of give tongue to purchasing policy and noted inadequacies in finance and method of accounting controls. 3.3.2. The new NKF Board has put in transport a clear finance policy...If you want to get a wax essay, order it on our website: OrderCustomPaper.com

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