The Green Bay Packers Board of Directors is the organization that serves as the record owner for the Green Bay Packers of the National Football League (NFL). The Packers has been a publicly-owned non-profit company since August 18, 1923. The company currently has 360,760 shareholders, which collectively owns 5,011,558 shares after the last sale of 2011-2012 shares. There were five stock sales, in 1923, 1935, 1950, 1997, and 2011. Stocks in 1923 sold for $ 5 each (approximately $ 72 in 2017), while in 1997 they sold for $ 200 each - and in 2011, $ 250 each.
The NFL does not allow ownership of the company. Instead, it takes the club to be owned entirely by one owner, or a small group of owners, and requires that at least one owner owns 1/3 of the shares in the team. The Packers are granted an exception to this rule, since they have been publicly owned since before the rule came into effect. The corporation is governed by seven members of the Executive Committee, elected from the board of directors. The Committee directs company management, approves major capital expenditures, establishes board policies and monitors management performance in business and corporate affairs.
The elected president, currently Mark H. Murphy, represents the company at the NFL owner's meeting and other league functions. The President is the only officer to receive compensation. The committee balance is sitting free .
Video Green Bay Packers Board of Directors
Executive Committee
- Mark H. Murphy, President, Chairman of the Board and Chief Executive Officer
- Thomas L. Olson, Vice President
- Daniel T. Ariens, Secretary
- Mark J. McMullen, Treasurer
- John F. Bergstrom, Member
- Susan M. Finco, Member
- Thomas M. Olejniczak, Member
Maps Green Bay Packers Board of Directors
Board of directors
Board of Directors
References
External links
- "Packers.com - Team - Executive Committee". NFL.com - Green Bay Packers . Retrieved September 13, 2015 . Ã,
Source of the article : Wikipedia
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