The Billionaire's Past

CHAPTER 10

Boardroom is a place where only selected members of the board is present to discuss and plan.

The primary function of a boardroom is to house meetings of a company’s board of directors, a group of individuals elected to represent shareholders’ interests.

Board members use the boardroom to discuss and decide how to handle the company’s most pressing issues

Boardrooms contain a big enough table and an adequate number of chairs to seat all those present and be located in a setting that promotes privacy.

As its name implies, the boardroom is best known as a room used by a company’s board of directors, a group of individuals elected by shareholders to represent them and protect their interests.

Board members can generally be divided into three categories

First, the Chairman:

An individual who heads the board and is responsible for ensuring that it runs smoothly. Elected by the board of directors, a chairman's duties typically include maintaining strong communication with the chief executive officer (CEO) and other high-level executives, formulating the company's business strategy, representing management and the board to the general public and shareholders, and preserving corporate integrity.

Second, the Inside Directors:

These board members are either shareholders or high-level managers from within the company, such as the chief operating officer (COO) or the chief financial officer (CFO). Their main tasks include approving high-level budgets prepared by upper management, implementing and monitoring business strategy, and giving the green light to core corporate initiatives and projects.

Third, the Outside Directors:

Unlike inside directors, these individuals are not directly part of the management team. They do, however, have the same responsibilities. The role of an outside director is to offer external insights, providing unbiased and impartial perspectives on issues brought to the board.

The frequency of meetings between members of a board of directors varies, depending on the type and size of the company. Usually, gatherings of board members would be expected to occur in a specially designated boardroom at least every business quarter.

A quarter is a three-month period on a company's financial calendar that acts as a basis for periodic financial reports and the paying of dividends.

A quarter refers to one-fourth of a year and is typically expressed as "Q1” for the first quarter, “Q2” for the second quarter, and so forth.

Quarterly reports are a crucial piece of information for investors and analysts.

1:00 pm Thursday, in Bosnia and Herzegovina

H & A Summit Holdings, Inc. boardroom.

Atif is on the boardroom conducting a meeting with the board members of H & A Summit Holdings, Inc.

His grandfather Haris is on business trip to the capital city that’s why Atif conduct the meeting as a representative of his grandfather.

The first agenda of the meeting is about the quarterly financial reports and the paying of dividends.

Second is about the new business that his grandfather Haris wants to open.

A manufacturing company which products are perfume.

start his discussion about the business

he is discussing about the raw materials needed in

when his phone chirped and vibrated on

is from Aliyah for it is 8:00 pm now,

the time

his reply but he can’t reply for he is so

time

about the supplier of the raw materials I already found a good company to supply our needs.”

think that maybe Aliyah has a problem again

target customer for example are millennial women, young men and…” Atif continue his discussion presenting the target market of

the third time around, his phone

the message

discussing the whole project proposal but he is busy answering the questions of the

with too many questions not because they don’t agree with the new project but they are interested on

was approved by the board because they are convinced with the presentation

will discuss about the implementation

hour the meeting is

talking to Atif with some clarification and congratulate him

handle

more profit more than what

is a smart guy, he can handle and manage every business assigned

the people leaves the meeting room, Atif immediately

got a

“Hello. “The first message

are you? “The

opinion about something? The last

it is.” He is typing

wants you to come to his office. He wants you to give a report on the result

be there in ten

Sir. “The secretary

folder and documents

to go to the

he spent another three minutes on

office of his grandfather, Haris, he cannot reply again

minutes

reply from Aliyah.

deep breath and

go up to the 10TH floor where his

the screen of his phone because Aliyah sent a reply

looking on where he is going he accidentally bumps on the beautiful lady standing in front of the elevator and about to press the button

sorry.” Atif apologize to the