The GF chairman is a liability . Full Stop. Everytime he opens his mouth all you get is b***S**t. He's the one who was on the front page of GDN after Dose announced the company was in a dire situation and told the job losses will be amongst the expats. He's the one who is having audiences with the local staff/union and coming up with daft comments like in todays' GDN.
Perhaps he needs to find out what the role of chairman is ...
Role of Chairman (taken from Mercuri Urval)
- Runs the Board - organises, with Company Secretary, the Board committees etc.
- Maintains consistent strategic input and scrutiny
- Enhances the standing of the company with the outside world. Communicates with investors the strategic content and architecture of accountability.
- Recommends to the Board the appointment / dismissal of the Chief Executive and Non-Executives
- Reviews the performance of Non-Executives and keeps them informed
- Assists and guides the CEO (acts as mentor / coach)
- Reviews the performance of the Directors
- Ensures the Board annually reviews its performance and is balanced
And the role of CEO:
Runs the company’s business
- Responsible for operations and financial performance
- Provides clear leadership
- Executive Directors report to CEO
- Prepares strategy, plans, objectives etc. and implements
- Submits acquisition / investment proposals and implements
- Develops organisation structures, succession planning
- Together with Chairman, communicates to investors etc.
- Submits proposals on Non-Executive fees to the Board
Does anyone have info on who Mahmood Al Kooheji is and whether he has experience of running a company. From what I can gather from my sources, he's a senior civil servant as is experience has been with the ministry of finance - please correct me though.