Shareholder value: Create, sustain, and enhance shareholder value.
CEO selection and assessment: Evaluate CEO performance, transition, assist in recruitment, succession planning.
Governance: Manage risk via business strategy, finance, management, market insights, and legal compliance.
Vote on key decisions such as:
Financing: approving terms of external term sheet.
Hiring/firing key managers.
Expenditures over certain amounts, often $250K or greater.
Involved in Compensation Committee.
Evaluating acquisition offers.