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Public corporations are led by CEOs and other upper-echelon leaders who, in turn report to shareholders...

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General Management

Public corporations are led by CEOs and other upper-echelonleaders who, in turn report to shareholders and board of directors(BODs). Interestingly, even though the board overseas the CEOs,decides on the terms of employment and salaries, and monitors theirperformance, the CEOs are, more often than not, the people whonominate board members. The justification is that CEOs are wellplaced to know what type of expertise they need on the board andshould have a BOD they can work with. The relationship between BODand CEO is a complex and interesting one.

What are the potential ethical and conflict of interestissues arising from CEO involvement in the selection of boardmembers?

How can these issues be addressed?
cite a minimum of one outside source.

Answer & Explanation Solved by verified expert
3.8 Ratings (505 Votes)
The Board of Directors are directly in charge of the appointing and terminating of the CEO and are responsible for overseeing the Corporation s issues and its management Therefore CEO the one individual specifically in charge of that management nominating the    See Answer
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