Work It Podcast: Can a board of directors fire the CEO?
CEO of OpenAI, the company behind ChatGPT was fired by his board last year. What role does a board play in a company?
.jpg?itok=UuYY8wyP "Work It Podcast: Can a board of directors fire the CEO?")
Boards were in the limelight when OpenAI's CEO Sam Altman was fired by his board last year. Who gets to sit on the board of a company? How are they picked and how much power do they really have?
Crispina Robert and Adrian Tan speak to Wong Su-Yen, the former president of Singapore Institute of Directors.Â
One of the key roles of a board is in constructing the management team ... to actually identify and measure performance, and also to reward the performance of the CEO and the top management.
Jump to these key moments:
- 4:19 Why do boards exist?
- 6:47 How are board members picked?
- 12:55 Can boards fire the CEO?
- 15:02 How many boards can one sit on?
- 20:17 Why it isn't just "rubber stamping"
Listen to more episodes here.
A new episode of Work It drops every Monday. Follow the podcast on Apple Podcasts or Spotify for the latest updates.
Have a great topic for us? Drop the team an email at cnapodcasts [at] mediacorp.com.sg Â
Source: CNA/cr
