Answer:
Executive Director, Non Executive Director
Explanation:
Landon is a senior manager for the firm Anderssen Inc. Because of his experience, he has been appointed to the board of EEC Inc., even though he doesn't work for this firm. He also serves on the boards of several other companies. Landon is an Executive Director for Anderssen and a Non Executive Director for EEC.
An executive director has operational responsibilities in a firm but a non executive director does not have operational responsibilities in a firm but is involved in planning and policy formation which are strategic activities.
Operational refers to the daily running of a business.
Questions:
Landon is a senior manager for the firm Anderssen Inc. Because of his experience, he has been appointed to the board of EEC Inc., even though he doesn't work for this firm. He also serves on the boards of several other companies. Landon is a(n) ________ for Anderssen and a(n) ________ for EEC.
A) COO, CEO
B) Inside Director , Outside Director
C) Outside Director, Inside Director
D) CEO, COO
Answer:
The correct answer is C) Landon is an Inside Director for Anderssen In. and an Outside Director for EEC Inc.
Explanation:
Landon is an outside director for EEC as he is not employed by that company.
However, he is an insider with Anderssen Inc.
Cheers!
