RE:CEO.CA $VGCX For got to mention I love the comment.
"Where was the BOD in overseeing these actions"
Now that's a good one!
https://www.diligent.com/resources/blog/the-roles-and-responsibilities-of-a-board-of-directors "The board chair needs to be willing to ask the CEO the hard, probing questions that come from the board, and be willing to work in tandem with the CEO during times of crisis. Both parties work best together when the board chair maintains an open-door policy in order to keep the lines of communication open. Board chairs must also be mindful that their roles are vastly different from the CEO's responsibilities. It's crucial that the board chair doesn't usurp the CEO's authority or overstep the CEO's role."
Well start probing!
"The purpose of a board of directors is much more than iconic figureheads. Boards typically look for specific qualities in choosing board members to fill vacant seats. Board members expect their fellow board directors to be willing to ask tough and probing questions to vet all sides of an issue. Board directors need to be well-informed and fully engaged with all major issues that affect the corporation. Identifying risks has become an integral part of board work because risks are becoming increasingly numerous and complex.
When corporations hit bumps in the road, all fingers typically point back to the board of directors. Board directors must be willing to act quickly and responsibly when they need to take action to comply withfiduciary responsibilitiesor to uphold good governance standards. A crisis may occur at any time. Board members' responsibilities state that they need to stand ready to thwart potential crises and to manage developing crises, so they don't adversely affect the corporation."
So start managing!
Question where is eveyone?
Best
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