You don't need to read between the lines to realise that the State Enterprise Policy Committee means business. Deadlines have been set for specific actions to be taken. Failure to live up to the new standards set will mean "yellow cards" for the executives concerned, to be followed by "red cards".
But what does a red card really mean in this case: The replacement of the chief executive officer, or of the whole board of directors? Who's to guarantee that a new board selected under the existing process would produce a more effective team of directors that could choose a superior CEO to turn around, say, the national carrier?
In handing down a list of very specific "must-dos" to Thai Airways' board of directors, the super-board has in effect turned itself into a "management board", directing what the CEO has to do: Achieve some "quick wins" by boosting revenue by Bt1.43 billion and cutting expenses by Bt3 billion by the end of December.
You don't need to read between the lines to realise that the State Enterprise Policy Committee means business. Deadlines have been set for specific actions to be taken. Failure to live up to the new standards set will mean "yellow cards" for the executives concerned, to be followed by "red cards".But what does a red card really mean in this case: The replacement of the chief executive officer, or of the whole board of directors? Who's to guarantee that a new board selected under the existing process would produce a more effective team of directors that could choose a superior CEO to turn around, say, the national carrier?In handing down a list of very specific "must-dos" to Thai Airways' board of directors, the super-board has in effect turned itself into a "management board", directing what the CEO has to do: Achieve some "quick wins" by boosting revenue by Bt1.43 billion and cutting expenses by Bt3 billion by the end of December.
การแปล กรุณารอสักครู่..
