How often do you hold Board Meetings, Operational Meetings?
In my company, board meetings are held twice a year, occasionally 2 - 3 times, depending on the presence of all members. Whereas operational meetings are held every two weeks.
How are the meetings organised and who attends?
All of the company's family members and major executives attend the meetings and actively participate in the agenda-driven discussions.
Are the roles of Chairman and Chief Executive differentiated?
No, because this is a family-owned business with only the managing directors as top management.
How are the roles of Directors defined?
My father, one of the company's two managing directors, oversees all decisions and has an opinion on all aspects of the firm. The other managing director is in charge of managing and controlling the company's finances.
Do Directors have limited terms of office?
In the business, there is no such mandate.