The board of directors is crucial for a company as it makes decisions on behalf of shareholders. Most importantly, the board of directors should be a fair representation of both the management's and shareholders' interests, says Aliff Fazelbhoy, Senior Partner at ALMT Legal, as he explains the key responsibilities, their scope and rights in an exclusive video for the VCCircle Classroom show. Fazelbhoy explains what constitutes an ideal board as too many insiders serving as directors will mean that the board will tend to make decisions more beneficial to the management. On the other hand, possessing too many independent directors may mean management will be left out of the decision-making process, resulting in efficient managers opting for the exit route. Learn more.
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