Presenting on Family Owned Businesses | The Bachman Law Firm - Business Lawyer in the Hudson Valley and Beyond

BLOGS

What employment decisions rise to the level of corporate board matters?

Which of the following corporate actions do you think requires board of directors' authorization: firing the CEO, laying off workforce, adopting a new handbook, adjusting a corporate officer’s compensation? Best corporate practices would say, all of them. Where a corporation undertakes a major employment decision, e.g., firing its CEO, that action must be duly authorized by the board of directors. Such removal of a corporate officer is placed with the power of the board by st

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