Yes, in perceived terms. In real terms, no. The corporate structure is based on a chain of command from lower management levels to most senior. Level 0– top most level. Shareholders or founders level. The people who appoint the board…
Of course, it is. I recently delivered a talk to the Board of Directors of a major, not for profit organization in Africa. I was surprised at their basic appreciation of the cybersecurity risk management strategy. Compared to Bank Boards,…
Short answer In many US companies, the CEO is also the Board Chairman. The person who signs on the appointment of board members is the Board chairman. When the roles of CEO and Chairman are combined, it is correct to…
Failure by directors to disclose conflicts of interest. And when appropriate disclosure has been made, failure to deal with it. Conflict of interest is a great sin indeed. And in Africa, the leading cause of poor road works, incomplete projects,…
A reader asked me this question. First, I explore who chooses the board of Directors. Then common methods they use to chose. And finally, answer your question-the least common method used to appoint board members. I hope you did not…
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