A KeyStone Search Executive Recruiter sat down with our CEO Mike Frommelt to discuss a recent Board search for an ESOP client. Here's their conversation...
Just as in other types of companies, the Board of Directors in an employee owned company has both legal and fiduciary obligation to their shareholders (in an ESOP, the employee owners). Clearly, the duty of care (avoid harm to the corporation), duty of loyalty (do not put personal interests ahead ...
