Legal Blog
Read | Delete: The Role of The Board of Directors in a Corporation
For any corporation, the Board of Directors plays a crucial role in corporate governance.
Elected by the company’s shareholders, the board is meant to represent shareholder interests – it ultimately hires the CEO, sets strategic objectives, approves annual budgets, and provides accountability to the shareholders regarding the performance of the organization.
These duties are no cakewalk, and finding capable and experienced board members to help run a multi-billion dollar corporation just isn’t easy.
To locate a qualified candidate, one option is to hire someone that already has experience working on a big corporate board – and because it’s a part-time gig, people can actually be on multiple boards at once.
Source: Visual Capitalist
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