The board of directors is responsible for formulating the policy decisions that affect the management,supervision,control,and operation of the corporation.

Question

Quizplus · Accepted Answer

This is true. The board of directors has the ultimate responsibility for making important decisions related to the management, supervision, control, and operation of the corporation. This includes setting the overall strategic direction for the company, hiring and firing top executives, approving major investments or divestitures, and ensuring compliance with legal and ethical standards.

The Board of Directors Is Responsible for Formulating the Policy