Part 2/9:
To comprehend the implications of such appointments, it's essential to understand the primary role of a board of directors. Typically, being a board member is not a full-time commitment; board members are generally expected to attend monthly or quarterly meetings. These meetings usually involve presentations from company management, including briefings on strategic initiatives that may require board approval. This dynamic allows the board to either provide valuable insights or exercise their authority to veto certain corporate strategies.