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The role of boards of directors

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Reference no: EM132355416

The role of Boards of Directors

Purpose:

This exercise will give you a better understanding of the role of boards of directors in formulating, implementing, and evaluating strategies.

Instructions:

Identify a person in your community who serves on a board of directors. Make an appointment to interview that person, and seek answers to the following questions. Summarize your findings in a 5 minutes oral report to the class.

  • On what board are you a member?
  • How often does the board meet?
  • How long have you served on the board?
  • What role of the board changed in recent years?
  • How has the role of the board changed in recent years?
  • What changes would you like to see in the role of the board?
  • To what extent do you prepare for the board meeting?
  • To what extent are you involved in strategic management of the firm?
  • How many person serve on the board
  • Is the business owner or CEO also the chair of the board?

Reference no: EM132355416

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