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Corporate Lawyers: Does F500 Board Usually Have Power Over Non-CEO Execs?
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Date: April 21st, 2025 4:46 PM Author: ...,,..;...,,..,..,...,,,;.., i assume BoD has to formally elect all the high level c-suite officers, but aside from the CEO, how much real authority do they have over the choice of the other execs? is it basically the CEO's decision? (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48867884) |
Date: April 21st, 2025 5:11 PM Author: jonathan penis no. typically coos, cmos, etc. can overrule the board. (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48868011) |
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Date: April 21st, 2025 5:12 PM Author: Drunkard *chat GPT doing legal advice* (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48868020) |
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Date: April 21st, 2025 8:59 PM Author: ...,,..;...,,..,..,...,,,;.., (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48868871) |
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Date: April 21st, 2025 10:00 PM Author: jonathan penis (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48869083) |
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Date: April 21st, 2025 10:09 PM Author: richard clock (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48869104) |
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Date: April 21st, 2025 9:01 PM Author: Diane Rehm talking dirty (🐿️ ) They are ELECTED by the shareholders. It’s a sacred trust. (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48868874) |
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Date: April 21st, 2025 9:03 PM Author: Pierbattista Pizzaballa No, typically they don’t have official power to hire and fire employees other than the CEO (but the by laws could give them that power and they probably advise and consent).
Any complaints about another c-suite exec would be dealt with more informally and the CEO would be the person to fire them. You can’t have the board undermining the CEO or the whole structure will fall apart if people think they need to win over the board.
Could be totally different at small companies or at company formation, but for an F50 there are clear lines of power. |
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Date: April 21st, 2025 9:05 PM Author: Paralegal Mohammad Lol at this shitboard.
The board usually does not exercise 'power' over non-C-level executives, but they absolutely can should they need to. But believe me, before it came to that they would probably replace the CEO.
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Date: April 21st, 2025 9:07 PM Author: Pierbattista Pizzaballa When you say “can” do you mean formally? Like there are provisions to fire the CTO? (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48868897) |
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Date: April 21st, 2025 10:02 PM Author: Paralegal Mohammad Provisions in what? I mean yeah, they can take a vote through one committee or another if needed. But in practice this would be done through soft influence over the CEO, and if he or she did not comply, which would never happen, they’d replace the CEO first. (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48869087) |
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Date: April 21st, 2025 9:09 PM Author: Kenneth Play cr (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48868907) |
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Date: April 21st, 2025 9:11 PM Author: ...,,..;...,,..,..,...,,,;.., poor rc? i didn't mention non c-level execs. in fact, i specifically asked about c-level execs (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48868914) |
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Date: April 21st, 2025 9:59 PM Author: Paralegal Mohammad Sorry. Same response. (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48869078) |
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Date: April 21st, 2025 10:02 PM Author: richard clock the board typically delegates to the ceo the power to hire all other employees, including c-level. board members have no desire to be involved in hiring rank and file employees. comp committee will set the comp for the c-level people. it would be unusual for the board to micromanage the ceo's choice of his direct reports. (http://www.autoadmit.com/thread.php?thread_id=5714140&forum_id=2Elisa#48869088) |
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Date: April 21st, 2025 10:06 PM Author: WikiFeet General Counsel (actual lawyer)
This is cr. |