The fundamental role of the CEO is to exercise their business judgment to act in what they reasonably believe to be the best interests of the Company and its shareholders. CEOs should have experience in positions with a high degree of responsibility, be leaders in the companies or institutions with which they are affiliated, and be selected based upon contributions they can make. CEOs are expected to rigorously prepare for, attend, and participate in all Board and applicable Committee meetings.
In this day and time, companies are laying off their employees, cutting back on those items?like IT spending and product development?that might keep them in the black, and letting their investors take a hit. Yet they?re handing their CEOs?those people in many ways most responsible for their company?s grim destiny?a golden thank you
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