Corporate boards are a layer of supervision between the managers who run an organization and its shareholders. They are accountable for establishing policies, supervising the employees that run the day-to-day business and ensuring that the business operates in a legal manner and that its financial stability has been protected. They are the link between the company and all its stakeholders, such as clients, employees, and vendors.
To carry out these duties the board needs to have many different capabilities and expertise. In this regard, most boards seek members with different backgrounds that can provide advice and assistance in areas that might be of concern. A board might require someone with experience in international finance, or someone who is familiar with a particular regulatory body.
In general the law requires that most boards have at least one officer. This ensures that the member of the board is aware of any problems that may be faced by management and is able to respond accordingly.
As the public becomes more interested in their business the perception of as an “old-boy” network is changing. This means that more seats are opening for investors of all ages to apply for. It is essential to carefully examine the advantages and risks of any job prior to applying.
Lascia un commento