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Instead of overseeing management on behalf of shareholders, boards have acted as servants of management.
What is the role of the board in setting corporate strategy, setting incentives for and overseeing management?
Mr. Shorris has served as the school system's chief operating officer since January 2001, troubleshooting and overseeing management and policy for Mr. Levy.
People Dominic Proctor, chief executive at Mindshare, New York, part of the GroupM unit of WPP, was promoted as part of a reorganization to president at GroupM, a new post, overseeing management of GroupM's media agencies that include, in addition to Mindshare, Maxus, MEC and MediaCom.
Representatives of the two camps worked over the last two weeks to negotiate a truce, particularly in light of a lawsuit by Mr. Icahn demanding that Motorola hand over board documents he said would demonstrate that directors were lax in overseeing management.
So Wilson can say, with more than a little credibility, that the boards supposedly overseeing management are instead packed with lackeys with appalling frequency.
Similar(52)
"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.
The Australian government contracted G4S to oversee management and security at the centre from February 2013 to March 2014.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com