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I am on “Board”.(16)

December 17, 2012
RDECOM Board of Directors holds meeting

RDECOM Board of Directors holds meeting (Photo credit: RDECOM)

Board_directors_heidelberg.jpg

Board_directors_heidelberg.jpg (Photo credit: Wikipedia)

Whenevern I hear the term, Board of Directors, I imagine a bunch of men in suits sitting around a long table talking about whon kinnows what??? I knbow understand that there is moore to it than that…

The board of directors are elected by the shareholders and they are responsible for formulating policy decisions that affect the management, supervision, control and operation of the corporation.

The board of directors are composed of inside and ouside directors.  An inside direcdtor is also an officer of the corporation. An outside director is a member of a board of directors whomis not an officer of the corporation. They are often selected for their business knowledge and expertise, like bankers, lawyers and others.

There are regular meetings which are held at the times and place established in the bylaws

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