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One major conflict ofinterest for a board member is when the CEO of the company is onthe board, in anyway, but especially as the chair of the board.This is a problem for the company and shareholders because theboard determines the salary of the CEO. The board is also in placeto make decisions that would be in the best interest of the companyand the shareholders, not just for the CEO, who is more likely tobe looking for a way to build the company in order to increasetheir own salary. This could be avoided by no
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