11.2013 / 12.2013
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11.2013 / 12.2013
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Articles
One challenge of board governance is that although directors, particularly members of the nominating and governance committee, have a responsibility to oversee the healthy functioning of a board, it is the shareholders, not the board, who generally have the power to remove a director. Although corporate law leaves the board with few levers to pull to address the inadequacy of a director, tools do exist. Lead independent directors, chairs, and nominating and governance committees can use these tools as part of the process of maintaining a well-functioning board.
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