Although Board of Directors BOD. plays a vital role in a corporate entity, its role is very limited especially when it comes to the challenges of liquidity risk.

Question

Quizplus · Accepted Answer

The Board of Directors (BOD) plays a crucial role in overseeing the management of all types of risks, including liquidity risk, by setting policies, establishing risk management frameworks, and ensuring that the company has adequate strategies and controls in place to mitigate such risks.