asked 57.5k views
3 votes
Who suggests potential board members for appointment?

1 Answer

3 votes

Final answer:

Top executives often suggest potential board members for corporate appointments, whereas the President nominates individuals for federal board positions subject to Senate approval.

Step-by-step explanation:

Who suggests potential board members for appointment? In the context of a corporate environment, it is typically the top executives of a firm who have a strong voice in choosing the candidates who will serve on their board of directors. Despite the fact that these appointments should reflect the interests of shareholders, it is often the case that most shareholders lack the knowledge or motivation to nominate alternative candidates. Therefore, the appointment of board members is usually influenced heavily by current executives.

In the public sector, particularly for federal positions, the President nominates individuals to serve on various boards and commissions, such as the Federal Reserve Board. These appointments often require a majority approval from the Senate. In this way, the executive branch of the government plays a crucial role in board appointments at the federal level, following the procedures established by law.

answered
User Elice
by
8.0k points

No related questions found