The Board of Directors' paramount duty is:
A)To determine management's compensation
B)To safeguard the interest of the company's stakeholders
C)To safeguard the company's assets
D)To formulate the company's strategy
E)To safeguard the interest of the company's shareholders

Question

Quizplus · Accepted Answer

The primary duty of the Board of Directors is to safeguard the interests of the company's shareholders, as they are elected by shareholders to represent their interests and ensure the company's prosperity.

The Board of Directors' Paramount Duty Is