Off-Topic: Tell me you're kidding!

Logan Martin Lake Topics

(Logan Martin Lake Specific)

4,319 messages

Updated 7/5/2024 7:54:28 AM

Off-Topic

Lakes Online Forum

83,787 messages

Updated 7/26/2024 4:03:04 PM

Boat Maintenance

Lakes Online Forum

5,199 messages

Updated 7/19/2024 2:31:51 AM

Logan Martin Lake Fishing

(Logan Martin Lake Specific)

126 messages

Updated 12/23/2022 9:21:15 AM

Jokes

Lakes Online Forum

4,171 messages

Updated 6/27/2024 7:05:46 AM

Sports

Lakes Online Forum

4,261 messages

Updated 5/28/2024 6:31:10 AM

Grilling & Recipes

Lakes Online Forum

2,979 messages

Updated 6/26/2024 5:03:03 AM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	MartiniMan -
	Subject:	Tell me you're kidding!
	Date:	3/25/2009 4:53:22 PM

Hound: Surely you don't really believe that is the role of an outside director? Let me once again educate you so you understand how BOD's work in business. There are specific rules for the roles and responsibilities of directors whether internal or external. Typically each board member has an equal vote. Also, there are numerous committees (i.e., compensation, governance, etc.) that have significant influence on the direction of a company. Often those committees are headed by outside directors because they allegedly have a different set of motivations than inside directors that are also employees (i.e., CEO, COO, CFO and so on). So while an outside director typically only has an equal vote with inside directors, they may have significant influence on the direction given to the management team. I have no idea what AIG's board roles and responsibilities were but I can assure you it was more than another pretty face in the boardroom, particularly given the scrutiny investors and the SEC give to board decisions.