4 questions for cpa firm boards

business meeting with people around table facing forwarddo members know their role?

by steven e. sacks
the new fundamentals

the purpose behind an organization creating a board is not to micromanage, design a company logo or address human resource issues. neither is its role to sit around and smoke cohiba esplendido cigars and sip louis xiii de remy martin grande cognac.

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this glad-handing, back-slapping culture led to the financial breakdowns in the early 2000s and probably still is happening at this writing.