Issues Involved Regarding How a Board of Directors Can Be

question 11

Short Answer

Issues involved regarding how a board of directors can be established so as to be most effective include:
a. The insider/outsider mix.
b. CEO duality.
c. Board Interlocks.
d. The Role of Boards of Directors.
e. All of the above.

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Definitions:

Changing Demographics

The varying characteristics of populations over time, such as age, race, and gender, which can impact social, economic, and political structures.

External Environment

The external factors, forces, situations, and events outside an organization that can affect its strategies and performance.

Abrasion-Resistant

Refers to the capacity of a material to withstand wear, tear, or degradation from friction and continuous use.

Competitive Strategy

Strategic approaches that a company uses to gain a competitive advantage over its rivals in the market, such as cost leadership, differentiation, or focusing on a niche market.