Which of the following is true about the board of directors of a corporation?
A) They represent the stockholders in managing the company.
B) They direct the day-to-day operations of the business.
C) They elect to form the executive committee.
D) They have a controlling interest in the corporation.

Question

Quizplus · Accepted Answer

The board of directors of a corporation represents the stockholders in managing the company, making decisions on major corporate issues, and selecting executive management. They do not direct the day-to-day operations of the business, elect the executive committee, or have a controlling interest in the corporation.

Which of the Following Is True About the Board of Directors