What is the role of the shareholders in keeping up with the decisions made by companies’ board of directors as well as the performance of the executive management?
Board members are representatives of the shareholders and owners to oversee the company’s management to carry out whatever may be in the general interest of the company and shareholders’. Hence, the responsibility of mentoring the performance is on the shareholders in the first place. It is done by electing the members appropriately and monitor their performance in addition to pursue the disclosed reports and hold them accountable in General Assemblies. The board of directors would not be exempt of neglect or abuse. Each shareholder have the right to question the companies’ board of directors and auditors . In addition, he has the right to vote on the resolutions of the General Assembly and to participate in its deliberations. Moreover, Board members are responsible for evaluating the executive management’s performance in the company.