memo

Memorandum

To: Arnold Brisbane, Chairman of the Board, HCS Graphics

From: Ralph Ondine, President, HCS Graphics

Date: October 15, 2016

Subject: Board Function

The new organization installed in October places full authority and responsibility for running the day-to-day activities of the two divisions squarely on the shoulders of the managers of those divisions. This move frees the Board to deal entirely with the broad matters of policy and planning that are its exclusive responsibility.

However, the board has for so long oriented itself to dealing with short-term operational problems that it is not presently in a position to focus its attention effectively on long-range strategy development. Consequently, it must consider the changes needed to permit itself to do so. Specifically, we believe it should

• relinquish responsibility for day-to-day operating matters to the Executive Committee

• broaden its composition to include outside members

• establish policies and procedures to formalize internal operations.

Yellow = context

Blue = complication

Grey = main idea

Red = key line (materials of development)