Primary responsibilities of board of directors ?
1. Reviewing and setting corporate strategy
2. Providing an outside viewpoint / oversight
3. Appointing senior management
4. Approving key personnel policies, including compensation
5. Approving changes to the articles of incorporation or bylaws
6. Approving IPO, merger, acquisition, dissolution or other liquidity options
7. Approving material transactions involving the assets of the company; new rounds of financing
8. Calling special meetings of the shareholders