4 ms·
Board directors are not usually employees.
by grey-area 5y ago
Board directors are not usually employees.
- jimnotgym 5y ago1) not necessarily true at all. The board is usually split exec/non exec 2) not true in this case. Two of the people on my list are execs
- 0xB31B1B 5y agoBoards are usually filled with: 1) Founder/cofounders 2) investors 3) people who do not work at the company and are not investors that people in groups 1 and 2 think will be on their side during important votes
- grey-area 5y agoI said usually, there are sometimes one or two but the board is there to supervise and thus is outside the normal corporate structure.
- jimnotgym 5y agoIn the UK corporate governance code it is quite clear that a board should have an exec CEO and a non exec chair. The chair runs the board the CEO runs the company. The board oversees the CEO. It would be extraordinary (and pointless) not to have some execs on the board.
- grey-area 5y agoAnd it would be extraordinary and pointless if the board members were all employees, it has a separate function of supervision and thus is usually mostly non-employees outside the CEOs chain of command.