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TITLE 175. OKLAHOMA STATE BOARD OF COSMETOLOGY RULES AND REGULATIONS TABLE OF CONTENTS Section Page Chapter 1. Subchapter 1. Subchapter 3. Subchapter 5. Subchapter 7.Administrative Operations General.

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The responsibility of the board of directors is to ensure that the agent (the CEO) acts in the best interest of the principals (the shareholders). Agency problems arise in large part because information is distributed asymmetrically between agents and principals.

Boards monitor the behavior of firm management, provide managers access to knowledge, expertise, and external networks, and serve as advisors and sounding boards for the CEO.

The board of directors is an elected panel in a company representing the company's shareholders and includes high-level corporate position holders. The BOD's composition differs as per organizations. Usually, there is a CEO, board's chairman, directors, non-executive director, CFO, vice-president, zonal heads, etc.

Boards of directors most often include inside directors, who work day-to-day at the company, and outside directors, who can make impartial judgments. The top of most management teams has at least a Chief Executive Officer (CEO), a Chief Financial Officer (CFO), and a Chief Operations Officer (COO).

The board is responsible for protecting shareholders' interests, establishing policies for management, oversight of the corporation or organization, and making decisions about important issues a company or organization faces.

1. The two structures of the board, that is the management board, and the supervisory board that composing one board governing the organization but having different roles.

Essentially, it is the role of the board of directors to hire the CEO or general manager of the business and assess the overall direction and strategy of the business. The CEO or general manager is responsible for hiring all of the other employees and overseeing the day-to-day operation of the business.

The most usual board structure in the UK is a unitary board, in which all members attend board meetings at the same time. Some businesses have a tiered board structure consisting of an operational board and a supervisory board. One board reports to the other, but the same chairperson sits on both.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232