in strategic management

Michael is a retired CEO of a multinational production company. He was nominated by a friend of his to join the board of directors of a company specialized in the manufacture and supply of cardboard. The company works to provide solutions in the carton industry with quality that meet all customer needs and according to demand. The company produces various types of cardboard boxes used in the industrial, agricultural and fisheries sectors, and prints on them with high quality technology. The company decides to build a new factory that will take three years to complete. But the company's CEO is making his recommendation to the board of directors to buy an existing plant in a small town as a temporary plant until the new plant is up and running in three years.

The discussion will center in the boardroom: the impact on the city and the 1,200 potential employees of opening this temporary factory. The town and the townspeople had gone through a catastrophic closure eight years ago when the factory in question was closed

Please answer the following questions:

1- What are Mike's responsibilities in general as a board member (list 3 responsibilities)

2- If you were a board member, how would you have voted in favor of the proposal? Why?

3- Does the company need to inform the city management and potential employees that this is a temporary factory for a period of three years?

4- What is the effect of closing the factory on the employees and on the town?