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He continues to make the decisions for the companies of the individual's employed by him. It is like one person is dictating and running all three companies with no input from anyone else. Mr. Wallace is so concerned with profit that he isn't concerned with hiring the best employees for any open positions
What recommendations would you make to Mr. Wallace and in what order of priorities?
The first order of business for Mr. Wallace is to reorganize and obtain new members of the board of directors. Mr. Wallace needs a board of directors that is made up of outside and inside directors.
In terms of priority, I would first recommend that the Wallace Group implement a corporate governance policy familiar to a business of its size...
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