Kay and Leo form Metro Delivery Inc. Responsibility for all policymaking decisions related to corporate affairs rests with Metro's

Question

Quizplus · Accepted Answer

The board of directors is responsible for making strategic and policy decisions for the corporation, including decisions related to corporate affairs, such as mergers and acquisitions, financial planning, and overall corporate strategy. High-level managers may be responsible for implementing these decisions, but they do not have the authority to make them. The CEO may have some influence on policy decisions, but ultimately the board of directors holds responsibility. Shareholders have the power to elect the board of directors and approve major decisions, but they do not typically make day-to-day policy decisions related to corporate affairs.

Kay and Leo Form Metro Delivery Inc