What is the board of directors doing?
The company's Board of Directors provides the company direction and council. Their responsibility is to ensure that the company fulfills its mission statement and thus often sets the overall political objectives of society. For these reasons, the Board of Directors includes informed and experienced entrepreneurs. This person is the CEO (CEO) and he or she acts as contact between the Board of Directors and the rest of the company. The CEO is responsible for communicating with the Council of the Day of the Society and for Communication and the Parties of Vision and Policy. Entrepreneurs who establish a company usually provide an initial vision and a mission statement and the Board of Directors subsequently provides advice on how to best implement this Vision. A good board also tells the company to know when it will turn away from their goals and goals. For members of the board is still rare because of something the company had or did not do, but it may happen, and the damage has been awarded against some members, including those who have allowed the company to drift bankruptcyt through your own negligence.
Members of the Board of Directors are usually compensated for their position. Compensation is usually in terms of the benefits and sharing of certificates or options. In this way, the interests of members are in line with the interests of shareholders. Positions on the board are usually not paid. Charity organizations often also use Board of Directors, and in such cases, the only compensation is usually some advantages and recognition and prestige that comes up with an important part of an important charity organization.
To be eligible as a member of the Board of Directors of a publicly traded company, you must be over 18 years of age and have a clean criminal register. There are no restrictions that would ban family members to be on the board, but generally not recommended. Those who include family members are suspiciously perceived and strong advice can be a very valuable benefit for society,Especially when attempting to increase capital.