This policy of one board member per family line…
This policy of one board member per family line was an understanding from 1970. In 1999, we put in a fairly elaborate voting procedure and changed the bylaws; now it's part of the bylaws that each family line gets a seat on the board. When we did that, we also allowed for up to three additional, nonfamily directors.
— from True North (Ethics, Integrity, Truth, Values)
Also belongs to
- Family & Parenting (Family/Parenting)
- Decisions & Choices (Decision/Choice/Focus/Forethought/Consequences)
- Leadership & Business (Leadership/Business)