Use of Subsidiary Board of Directors

International firms, especially the fully-owned ones, usually have a board of directors to oversee and direct the top-level management. The major responsibilities of board-members are to −

●      Advice, approve, and appraise local management.

●      Help the management unit in providing response to local conditions.

●      Assist the top management in strategic planning.

●      Supervise the firm’s ethical issues.

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