Responsibilities of board of directors of a company
What are the responsibilities of the board of directors of a company?
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A company’s board of directors has three responsibilities to fill:
a. Be inquiring critics and overseers.
b. Evaluate the caliber of higher-ranking executives’ strategy-executing skills and strategy-making.
c. Institute a reimbursement plan for higher-ranking executives that reward them for actions and results that serve stakeholders interests and most specially those of shareholders.
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