A corporation’s board of director is responsible for setting the long- and short-term policy of the company. The board elects and establishes the compensation for the chief executive officer and other officers of the corporation. It is also the responsibility of the board of directors to decide if dividends are to be paid to shareholders and the amount of the dividends.
Corporations frequently seek individuals, such as William Mulrow, who have established themselves as successful executives with other companies. Mulrow’s reputation for achievement in the private and public sectors have led to several board positions.