Powerless...probably too strong a word. However the Combined Code does states the following:
All directors must take decisions objectively in the interests of the
company.
I am not questioning this...I would just like to know if the Board was consulted, when it was consulted, how it was consulted...or whether if the Board wasn't consulted...Did the Executive Management Team act within its delegated authority.
Last edited by trustno1; 14th August 2007 at 21:04.
Reason: Spelling