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Boards of Directors

In: Reputation, Stock Price, and You

Author

Listed:
  • Nir Kossovsky

Abstract

Elected by shareholders, the board of directors in a stock corporation is the highest management authority. Its most critical duties are to select and compensate senior management, protect the assets of the corporation, and approve strategy—the company’s approach to marshaling and deploying resources to meet corporate objectives. Each of these duties leads to corporate actions that establish a company’s reputation among its various stakeholders.

Suggested Citation

  • Nir Kossovsky, 2012. "Boards of Directors," Springer Books, in: Reputation, Stock Price, and You, chapter 0, pages 165-200, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4302-4891-0_8
    DOI: 10.1007/978-1-4302-4891-0_8
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