If you ask some people in a group what a chair is the most common answer is «Something that you sit on.» However this doesn’t really convey the essence of the chair as an inanimate object that has been created for humans to sit on. Chairs are a member of a set or category called «furniture» that includes other objects with the same shape, function or form. Chairs come in different sizes, shapes and designs to meet the requirements of individuals of all ages.
Board of directors are an governing body that is elected by shareholders of the company, who establish corporate management and oversight policies. The structure of a Board could differ, and bylaws of a company can affect the number of members, how often they meet, and how the election procedure is conducted. A board is usually made up of company insiders who are knowledgeable about the inner workings of the company and qualified individuals from outside who are experts in a similar field.
The board is a strategic institution that oversees the CEO’s efforts to achieve goals in accordance with the overall vision of the company. In times of crisis, when the CEO can’t be everywhere the board could act as an umbrella and help guide the company through uncertain waters. It requires an eye for detail to spot people with the right qualifications and skills who are also committed to the company’s goals. A database of prospective candidates is a good way to find the right candidate for a position.
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