2009/8/27 Geoffrey Plourde geo.plrd@yahoo.com:
Well, I have never understood why the board is so involved. Generally in business, the Board hires and fires the CEO and that's it.
I don't think that is the case. The board has a duty of oversight and is generally responsible for high level decisions about the direction of the company. The CEO is responsible for the day-to-day implementation of the board's decisions.