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The MEC Chair is the CEO, who gets direction from the board of directors (BOD). That direction is very broad and general, and periodic. The day-to-day decisions are done by the CEO, and most people would say the CEO is the head of the company when it’s really the BOD. Oftentimes the BOD isn’t even aware of many of those day to day decisions until months later at a BOD meeting (though not always). When there is trust and a team effort, it works. But there is a tremendous amount of damage a bad CEO can do before the BOD even knows anything about it. Like dumping ACE and firing good people.
I don’t think the comparison is that apt. This isn’t a corporate BOD, where people only talk with each other every 4 months, and otherwise it’s hands off, but a relatively tight group of 20 or so people who are in direct contact almost constantly. If someone is off the reservation, a special meeting can get called by a relatively small number of reps on a short time horizon.Originally Posted by FangsF15
Officially, that’s true. Practically, that’s not really an accurate description.The MEC Chair is the CEO, who gets direction from the board of directors (BOD). That direction is very broad and general, and periodic. The day-to-day decisions are done by the CEO, and most people would say the CEO is the head of the company when it’s really the BOD. Oftentimes the BOD isn’t even aware of many of those day to day decisions until months later at a BOD meeting (though not always). When there is trust and a team effort, it works. But there is a tremendous amount of damage a bad CEO can do before the BOD even knows anything about it. Like dumping ACE and firing good people.