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WATCH OUT. POTHOLES AHEAD

What follows is from the pages of corporate history. Directors, think OR blink and sink

What would you do if you were a Director?

Only the Chairperson speaks for almost the whole of the Board meetings.

A Joint venture partner, turned competitor, has representatives on the Board because of the Joint venture.

A Promoter Director marks her attendance and leaves without attending the Board meeting.

A Promoter Chairperson does not attend Board meetings.

Evaluation of a Chairperson/ Director who does not attend meetings.

The Board mindlessly taking “decisions” communicated by the majority shareholder’s Nominee Director.

Cash is found in one of the offices of the company and there is no communication to the Directors from the company, with Directors getting to know from news reports.

Board leadership is uncomfortable addressing some issues.

Strike by workers in a factory, but no update to the Directors.