For any corporation, the Board of Directors plays a crucial role in corporate governance.
Elected by the company’s shareholders, the board is meant to represent shareholder interests – it ultimately hires the CEO, sets strategic objectives, approves annual budgets, and provides accountability to the shareholders regarding the performance of the organization.
These duties are no cakewalk, and finding capable and experienced board members to help run a multi-billion dollar corporation just isn’t easy.
To locate a qualified candidate, one option is to hire someone that already has experience working on a big corporate board – and because it’s a part-time gig, people can actually be on multiple boards at once.
Source: Visual Capitalist
ABOUT MIKE MERCURIO
Mr. Mercurio is a Principal and the Chair of the Firm’s Business Law and Transactions Practice Group. He serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, health care, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership, management and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution.
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