The board consists of eighteen members located across the United States. They are or have been CEO 'sof major corporations and organizations. There are also eight committees: Audit and Risk Management Committee, Quality and Regulatory Compliance Subcommittee, Board of Trustees of the Endowment Fund, Compensation and Management Development Committee, Executive Committee, Governance and Board Development Committee, Investment Committee, Philanthropy Committee.
Because it is congressionally chartered their audit, conducted by an outside firm, must also be reviewed by the Department of the Army. The audit for fiscal year 2010 shows that the Red Cross made significant progress in improving their financial stability. This was achieved by building a more cost conscious culture that resulted in decreased office costs in chapters, biomedical units and at the national …show more content…
The Red Cross has also begun using the evolving technological resources provided by social networking and wireless communications to make volunteering and donation more efficient. “Results show that practicing public relations through social media is effective and necessary in the emerging digital age, as shown through the Red Cross’ development of a two-way dialogue with younger constituents, the media, and the community. This two-way dialogue has been accomplished primarily through Twitter and Facebook, with barriers such as lack of staff and time, and opportunities to improve National Headquarters and local chapter relations.” The insights shared by the American Red Cross are useful for both public relations scholars and professionals to help them understand and apply social media practices to build strong, lasting relationships. These tools can also help improve and continue to strengthen the management of disasters in real time. This would justify revamping the IT systems. Building a communication network between the local chapters and the national headquarters would improve the ability to relay real time information regarding the need in the event of disaster and to improve the quality of service it provides as related to the blood donation efforts. This was a noted difficulty