Due to his business knowledge and experience,Yao is a board member for a company importing and distributing auto parts.Which statement describes Yao and the other board members?

Question

Quizplus · Accepted Answer

The board of directors is the governing body for corporate activity, responsible for making major decisions and setting policies for the company. Board members are usually elected by company shareholders, not by officers. While board members may receive dividends if they are shareholders themselves, that is not their main role. Board members do not actively run day-to-day operations; that is the responsibility of the company's officers and management team.

Due to His Business Knowledge and Experience,Yao Is a Board