Board of directors are sort of like the seating position of the governments. These board of directors control the direction of the company and the shareholders gets to choose who are gonna be the board of directors (in public companies at least)
No, the CEO is not above the board of directors. The board of directors is the highest authority in a corporation, and the CEO reports to the board. The board is responsible for hiring, firing, and overseeing the CEO.
The board of directors is typically composed of a mix of inside directors and outside directors. Inside directors are employees of the company, and outside directors are not employees of the company. Outside directors are typically chosen for their experience and expertise in business or other relevant fields.
Created: 2023-09-21 Tags: #fleeting Link:
