On the surface, selecting the appropriate slate of directors and putting them in place for your organization may seem like a fairly straightforward task. However, multinational companies with subsidiaries around the world should consider different approaches to the selection of the board of directors/managers, as well as potential pitfalls to overcome with implementing the new slate.
It is important to understand how each jurisdiction's legal requirements may differ with respect to entity management. In the United States, directors act collectively as a board to take key strategic decisions and are distinct from officers, who are responsible for the day-to-day management of the company.
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