Which of the following is a specific governance responsibility of the board of directors of a public corporation?
A)Managing and reviewing operations.
B)Approving corporate strategy.
C)Implementing effective internal controls.
D)Selecting the external audit firm.

Question

Quizplus · Accepted Answer

Approving corporate strategy is a specific governance responsibility of the board of directors of a public corporation. Managing and reviewing operations is the responsibility of management, implementing effective internal controls is a joint responsibility of management and the board, and selecting the external audit firm is also the responsibility of the board, but not a specific one.

Which of the Following Is a Specific Governance Responsibility of the Board