How often do you hold Board Meetings , Operational Meetings? The board meetng are held every 2/3 months. Operational meetings are held every 2 weeks.
How are the meetings organised and who attends? The board meetings are attended by shareholders and top management of the company. Operational meetings are attended by top management of the company and the heads of each department.
Are the roles of Chairman and Chief Executive differentiated? No because it the same person.
How are the roles of Directors defined? There is just one director which is the general director and he has control over everyone, besides the CEO.
Do Directors have limited terms of office? No
How are family Directors roles defined? There are no family directors. Just my father who is the CEO.
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Family Business Labs
"The Successor's Paradox"
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Totally Agreeing with Tanishq's point up here . The simple governance structure makes it easy for a companies to take quick decisions and resolve issues quickly.
Hi Nicola, it’s good to know that there is regularity in regards with the meetings that are held by the board. From what it seems… the governance structure is pretty simple given that your father is looking after everything like a boss. I wish my family business had such a level of simplicity. Now that I think about it… simple governance really solves the issue of succession.