Panel: Elaine Eisenman, Allan Grafman, and Christina Rashid
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Every corporation has at least some of the legal rights and responsibilities enjoyed by natural persons. As the brain can be said to govern a person’s actions, a board of directors governs the actions of a corporation. And leaving aside some legal nuances, the same can be said of the manager of an LLC. Publicly listed companies have active boards; they must. Historically, many private companies have not, though that has been changing rapidly over the past decade. The job of a board director can be quite difficult yet can be greatly rewarding. The benefits almost any company with multiple owners (and often even a company with a single owner) can derive from having an excellent and active board are tremendous.
This episode serves as a preview of the other 12 episodes in the series and is complementary.