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How companies are run

The board

The board of directors: the small group that oversees the company for its shareholders. It approves big decisions and budgets, and hires and fires the chief executive.

You'll hear it as

It's a great idea, but it'll need board approval.

Why it matters to you.

When a decision is "with the board", it's out of your manager's hands. Plan for weeks, not days.

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