October - 2019

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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