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They do. In a healthy company board is a sort of dampening force that steers CEO away from bad moves and advice him/her so that opportunities are not missed. El
by sytelus 7y ago
They do. In a healthy company board is a sort of dampening force that steers CEO away from bad moves and advice him/her so that opportunities are not missed. Elizabeth Holms would be at much better place if board had excercised its authority. They are legally required to be part of almost all big decisions that are being made and they have the authority to at least bring in stockholder vote if they lose confidence in CEO.
- staticassertion 7y agoI think what they meant was that the board does not usually interact a lot with employees, or in a directly employee-facing way. Usually directors will interact with the board, both in terms of informing them and soliciting advice, and that turns into company direction, which funnels down through multiple layers before getting to ICs. Few people can have more impact on the company than a board, but it's very typically abstracted away.
- aianus 7y ago> Usually directors will interact with the board Did you mean "executives"? Directors and The Board are the same thing; it's The Board of Directors.
- waterhouse 7y agoPlenty of people have "Director" (e.g. "Director of Engineering") in their title without being on the board of directors.
- staticassertion 7y agoNot all directors are on the board, but sure you can say executives or whatever. That's probably more accurate.
- kevin_thibedeau 7y agoThis kind of responsibility would remove a lot of trust fund babies from their pretend jobs.