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The Lead Director is promptly notified of any other significant stockholder communications and communications addressed to a named Director are promptly sent to the Director. It is also a functional body; there is work to be done and the board is often in the best position to do it. The members have extensive authorities within their individual areas of responsibility and have the duty to develop the company’s operations in line with the targets set by the Board of Directors and the CEO.
Publisher: OUP Oxford; 1 edition (August 20, 2015)
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