Corporate Governance · glossary
Taking a product back from shops and warehouses before customers buy it. Like a recall, it is a decision for the board alone (Schedule A, item 17). Schedule A, item 17 · Charter §9.5 · Chapter 8 · see Recall
Explained in Chapter 8, The Recall, of Corporate Governance.
The last sentence links the rule to the board. Where a recall or a withdrawal may be needed, the chief executive tells the chair at once. A withdrawal takes product back from shops and warehouses before customers buy it. Both are decisions for the board under item 17.Read Chapter 8, The Recall →
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