board of directors Flashcards
1
Q
where is a board of directors?
A
only in public companies and non-profit organizations
2
Q
types of board of directors? (2)
A
- management/executive board and supervisory board
consists of two boards the management and the executive board - unitary model
oversee the executives
relatively small (7-9 people)
most of them are from shareholders
individual experts paid positions
3
Q
who are the members of the board of directors?
A
- executive directors
- shareholder representatives
- independent board members - expertise
4
Q
chairperson vs CEO?
A
- chairperson: sets the agenda for the board
- CEO: chief executive, runs the company
- Should the chairman also be the CEO?
