All of the following are duties of the board of directors of a corporation EXCEPT ______.
A) hiring the corporation's chief executive officer
B) authorizing major transactions of the corporation
C) guaranteeing the payment of cash dividends every year
D) electing its own officers

Question

Quizplus · Accepted Answer

The board of directors of a corporation is responsible for hiring the CEO, authorizing major transactions of the corporation, and electing its own officers. However, they are not responsible for guaranteeing the payment of cash dividends every year. The decision to pay dividends is made by the board of directors but is not a guarantee.

All of the Following Are Duties of the Board of Directors