Word: boarded
(lookup in dictionary)
(lookup stats)
Dates: during 1900-1909
Sort By: most recent first
(reverse)
Another way in which a close corporation might do better than the present elective directorate is by better management of the business. A letter in the CRIMSON from one of the Directors complains of "unintelligent interference in matters of administrative detail at the hands of the Board of Directors." On that point it is time to say a frank word. The Co-operative Society has twice been in danger of collapse, both times because of lack of good business management by the Superintendent. The first time, the Society was carried through by the personal credit of the then president...
...fill its own vacancies, and therefore to insure higher experience and greater continuity of management. No doubt it is desirable that such an important business should be relieved from the fluctuations of accidental choice of Directors; and though Mr. Meyer assures us that in practice the Board nominates its own successors, there have been cases where that precaution did not prevent a few persons from election by what may be called an extra-directoral party. When the change was proposed last winter, I thought it desirable, expecting that the choice of Directors would be by the Corporation. It appears...
...body of trustees responsible only to public opinion is created for a purpose very uncommon in trusteeships: trustees frequently have the care of real estate and sometimes carry on business for a brief period while closing up an estate; but the proposition before us is that a self-perpetuating board of five trustees undertake to carry on a mercantile business, with the details of which none of them can be familiar. No prudent owner of a business fails to give directors to a business manager who has only a salary interest. When we consider the number of commercial failures made...
There has been cited an alleged unfairness of the Board of Directors of the Co-operative Society towards a so-called minority report and it may be well to state the majority's view of the case...
...Board was instructed by the last annual meeting of the Society to prepare and submit a plan of reorganization and incorporation which, it was expressly stated, should not give members "power of direct management of the affairs of the Company." The retention of such power for the members was understood to be the main purpose of the minority member. Such plans were clearly out of order, and were so ruled at a meeting of all the members of the Board without a word of dissent being expressed. There being no minority report there was nothing to publish but the plan...