The purpose of the board of directors is to look out for interests of the managers and employees of the organization.

Question

Quizplus · Accepted Answer

The purpose of the board of directors is to look out for the interests of the shareholders or owners of the organization, not necessarily the managers and employees. While the board does have a responsibility to ensure the organization is being managed effectively and ethically, their primary focus is on maximizing shareholder value.

The Purpose of the Board of Directors Is to Look