What follows is from the pages of corporate history. Directors, think OR blink and sink
WATCH OUT. POTHOLES AHEAD
The Chairperson does not let go after his/her term.
Chairperson gets the retirement age extended for him/her to continue in the company.
A Board meeting lasts for a maximum of half an hour, often much less.
A Board is expected by management to rubberstamp its decisions.
Promoter Executive Chairperson believes in compliance only when deadlines are uncomfortably close.
Promoter Chairperson is very old and does not keep good health, but refuses to move on.
Management does not keep Board apprised of the situation when the company is going through a major crisis.
Position of Executive Chairperson is re-created to get a promoter back.
Chairperson does not speak at all in Board meetings.