The role of Boards of directors in Russian companies today
Answering the question about the role of the Boards of directors, George Abdushelishvili noted that the presence of the Board of Directors can be useful for the company. If a company has one owner, creating a board of directors is often unnecessary. But if the company has several owners, then the Board of directors, at least, raises the value of the company on the market. In addition, it is the management body that helps to protect the company from bankruptcy and promotes the development of the corporation. The Board of directors helps the management of the company to make the right strategic decisions.
Thus, according to the speaker, the role of Boards of directors is growing, and their task is to deal with strategic issues of companies.
In conclusion, George noted that in the modern world, the development of professional skills and career stand on a par with that part of life that begins when we leave the office. Do not forget about your personal life, caring for yourself, your family and your soul - all this is no less important for the leader than his work.