If you ask an audience of people what a chair is, the most simple answer will be “Something that you sit on.” However this doesn’t really do justice to the essence of the chair as an inanimate object designed to be used by humans to sit on. Chairs belong to a category or set called “furniture”, which includes other items with the same shape, function or form. Chairs are also available in a variety of forms sizes, shapes and shapes to meet the needs of all human beings.
The board of directors is a governing body that is elected by shareholders to set corporate policies and supervise the business. The structure of a board may vary and the company’s bylaws can influence how many members are on the board, as well as how often they meet, and the election procedures. A board is typically comprised of company insiders who are knowledgeable about the organization’s inner workings as well as qualified outsiders of the company who have expertise in a related field.
The board is a strategic institution which oversees the CEO’s actions in pursuit of goals that align with the company’s overall vision. In critical times, when the CEO can’t be everywhere the board could act as a shield and guide the company through unfamiliar waters. To create the perfect board, it requires an attentive eye to identify people with the right skills and experience, as well as committed to the company’s mission. The keeping of a database of prospective candidates is a smart method to identify the ideal candidate for the job.