Question
What is meant by the term over lapping boards and why might that be a problem? Suppose for example that I am the CEO of
What is meant by the term "over lapping boards" and why might that be a problem? Suppose for example that I am the CEO of Burn'emLynch'em Corporation ($3 billion leasing business) and I sit on the board of MerryLynch Corporation (a 3.6 billion brokerage firm). John Arswiff is the CEO of MerryLynch and he sits on the board of Burn'emLynch'em. Do you see a potential problem with this arrangement? If so, what is it?
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Personal Financial Planning
Authors: Lewis J. Altfest
2nd edition
1259277186, 978-1259277184
