Question
The CEO of Zeus Ltd (Zeus) is in doubt of the effectiveness of the board of directors. The current board has been long-standing (all incumbent
The CEO of Zeus Ltd (Zeus) is in doubt of the effectiveness of the board of directors. The current board has been long-standing (all incumbent INEDs have served for six years) and the company's core businesses and its industry have changed significantly in the last two years. The CEO is concerned that the INEDs no longer have the up-to-date industry experience and may not understand enough the company's current operations and strategic needs. Recently the board has agreed to appoint Felix, a renowned expert in the industry, as an INED on the recommendation of the majority shareholder.
REQUIRED
Advise on the type of enquiries that Felix should make and information he should ask for when considering an appointment as an INED of Zeus.
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