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Thursday, November 02, 2017 2:17:15 PM
I have not known one CEO to ever voluntarily step aside. They only do if the public outcry is so loud and they are in the news every day OR they are forced out by the board.
I suggest you read the below and maybe , just maybe its time shareholders start voicing their frustration to the one group that can make a difference! just a thought. but if you have time to vent here, do you have time to let the people know who can make a difference and continual to do so on a regular basis even if ts just once a month to remind them its been a moth and nothing has changed.
just take a look at what THEY are supposed to be doing;
The Board is responsible for:
? designating the offices of the Company, appointing such officers, specifying their duties and delegating to them the power to manage the day-to-day business and affairs of the Company;
? determining the compensation and evaluating the performance of the CEO;
? supervising and overseeing the evaluation of the performance and effectiveness of the other senior officers of the Company on an ongoing basis;
? acting in a supervisory role, such that any duties and powers not delegated to the officers of the Company remain with the Board and its committees;
? to the extent feasible, satisfying itself as to the integrity of the CEO and other senior officers and that the CEO and other senior officers create a culture of integrity throughout the Company;
? adopting and approving a strategic planning process and approving, on at least an annual basis, a strategic plan which takes into account, among other things, the opportunities and risks of the Company's business;
? identifying the principal risks of the Company's business, and ensuring the implementation of appropriate systems to manage these risks; ? succession planning (including appointing, training and monitoring senior management);
? adopting a corporate disclosure policy that ensures that the Company communicates effectively with its shareholders, other stakeholders and the public in general;
? with the assistance of the Audit Committee, ensuring the integrity of the Company's financial statements and the internal control, disclosure control and management information systems;
? developing the Company's approach to corporate governance, including developing a set of corporate governance principles and guidelines that are specifically applicable to the Company;
? establishing procedures to ensure that the Company, through management, provides timely information to current and potential security holders and responds to their inquiries;
? developing clear positions descriptions for the Chair and each Board committee chair;
? in conjunction with the CEO, developing a clear position description for the CEO, which includes delineating management's responsibilities and developing or approving the corporate goals and objectives the CEO is responsible for meeting;
? with the assistance of management, developing environmental policies and ensuring their compliance with them; and
? with the assistance of management, developing health and safety policies and ensuring compliance with them.
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