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They oversee a company and answer to stock holders. The board of directors provides the company with direction and advice. It is the responsibility of the board of directors to ensure that the company fulfills its mission statement. In doing so, the board of directors frequently sets the company's policy objectives. A good board of directors should include knowledgeable and experienced business people. From: http:/www.wisegeek.com/what-does-a-board-of-directors-do.htm A board of directors should NOT be made up of friends and relatives; one or two members can be friends or acquaintances if they are business people or experienced board members.
stockholders can vote for the members of the board or directors
they are passed and carried on the majority vote of either the directors or members (shareholders) at a meeting of a company.
The Nestle Company's organizational structure is composed of a Board of Directors. Thirteen members are designated to control various sections of the business.
after the company's first directors have been appointed, it may be necessary to make new appointments either to fill the vacancy when the director vacates office or to increase the size of the board by appointing one or more additional directors. The members of a company appoints a person by ordinary resolution to be a director. Theseus Exploration NL v Mining & Associates Industries Ltd 1973
It is generally a requirement that all members of a board of directors hold stock in the company.
The minimum number of Directors in Private Company is 2 Maximum number of Directors is As the number of Members in that Company
They oversee a company and answer to stock holders. The board of directors provides the company with direction and advice. It is the responsibility of the board of directors to ensure that the company fulfills its mission statement. In doing so, the board of directors frequently sets the company's policy objectives. A good board of directors should include knowledgeable and experienced business people. From: http:/www.wisegeek.com/what-does-a-board-of-directors-do.htm A board of directors should NOT be made up of friends and relatives; one or two members can be friends or acquaintances if they are business people or experienced board members.
They don't have to be shareholders - but they usually are.
Independent directors are members of the board of directors who are not also employed by the company. The president or vice-president of a company who is on the board is not an independent director.
outside members of the company's board of directors
Stockholders can vote for the members of the board of directors
board of directors
Stockholders can vote for the members of the board of directors
Stockholders can vote for the members of the board of directors
Board directors and board members may sit on the same board. However, members do not have a power of veto, and the board of directors does.
Pepsi is owned by the Pepsico company. Their board of directors is made up of 13 members: one executive director and twelve independent outside directors. All of their information can be found on the Pepsico company website, or on the Companies House website.