the founder and chairman of the company is the same person. if he later sells the company and becomes executive director, will there be a conflict of interest? How could this be a corporate governance and ethics issue for the company and what steps/structures should be put in place to prevent this?
the founder and chairman of the company is the same person. if he later sells the company and becomes executive director, will there be a conflict of interest? How could this be a corporate governance and ethics issue for the company and what steps/structures should be put in place to prevent this?
Chairman or Founder is the Main Pillar Of the Company as Decision Taken Authority of All Future Events as Per Thier Past Experience so Sell the Company and Becomes the Executive Director sometime Conficts the Interests.Because Independent Director have Wisdom and Professional Judgement with any Dominant for anyone.Independent Director Not Working for Payroll or Not Any Reporting Responsibility to Anyone. They Have Fully Focused on Enhancing Stakeholders Value Without Conflict of Interest and Challenged the Management Move.
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