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"The basic function of a board is to oversee management and to hold it accountable".
The role of the committee at any company is to oversee management and outside auditors.
The board failed to adequately oversee management, especially in its dealings with the problematic partnerships.
Most institutional investors lack the motivation and the time to discipline or otherwise oversee management.
In theory, an independent chairman improves the ability of the board of directors to oversee management.
Senior Lecturer Bob Pozen on how GE's board was poorly designed to oversee management.
Similar(23)
Instead of overseeing management on behalf of shareholders, boards have acted as servants of management.
The biggest point of contention is Icann, the Internet Corporation for Assigned Names and Numbers, which oversees management of internet address.
What is the role of the board in setting corporate strategy, setting incentives for and overseeing management?
In German corporations, the supervisory board oversees management, approving major decisions and appointing and accepting resignations from executives on the management board.
Maureen Wren, a spokeswoman for the State Department of Environmental Conservation, which oversees management of Canada geese in the state, emphasized that the proposed reduction was a long-term goal.
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CEO of Professional Science Editing for Scientists @ prosciediting.com