The board -it’s changing

The board -it’s changing

Balance long-term goals with shareholder interests
Structure: 12 members 3 inside/9 outside
Nominating committee for members
Committees for compensation, technology etc..
Controversy over CEO/chair split
Only 26% monitor effectivity
Annual compensation $40-50K & pension

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Notes:

Which shareholders?

States expanded laws after the take-over era to expand responsibility to communities etc. Just confuses the issue

Pro CEO/chair split

Separate agenda setting and oversight
CEOs serve at discretion of directors in no doubt

Against

Split if contentious works to the detriment of the company
Predecessors might be appointed

Outside directors pay/pension

Too nice to CEO, want to stay longer