BLACK SHELL FINANCE
Boards exist to protect shareholders assets and ROI along with carrying out the duties detailed in the by-laws.
The Traditional Board structure in a lot of instances lacks ACTION NOW and is not really composed of the right mix of executive and non-executive independent talent to lead and direct the company.
The composition for an Action Board is:
CEO + CFO + 3 External Specialists
- CEO and CFO are the two top executives who run and direct company business 100% of the time
- External Specialists will depend on the activities of the business
- CEO chairs the Action Board
- Action Board of 5 is the optimum number for decisions to be made