Corporate Governance

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Cynbin

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Corporate Governance

posted on Jan 10, 2017 12:22PM

I've enjoyed following the SLI story. In reading the debate on leadership, or the lack thereof, I'd like to point out that technically the Board is the boss of the President. Not the other way around. This was one key reason I never did buy-in. The Board never operated as a Board. There were no board meetings; which are required. The Board is required to set direction and direct leadership and hold the leadership accountable. That was never happening either. This company never practiced proper Corporate Governance. Huge flag for me back in 2011