Orlando, FL asked in Business Formation for Florida

Q: Is it wise for the CEO of a company to also be on the board of directors?

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1 Lawyer Answer
Andrea Wheeler
Andrea Wheeler
Answered
  • Melbourne
  • Licensed in Florida

A: You can draft the bylaws to provide for both CEO and president to be separate offices in the corporation, but a single individual acting in both capacities. Whether this is a wise decision or not depends on your particular circumstances.

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