The only role of the board of directors is to monitor and ratify major managerial decisions in order to protect the interests of the owners.

Question

Quizplus · Accepted Answer

The board of directors has a broader role than just monitoring and ratifying major managerial decisions. They also provide guidance and strategic direction for the company, approve budgets and major investments, oversee risk management, and ensure compliance with legal and ethical standards. While protecting the interests of owners is important, it is not the only role of the board.

The Only Role of the Board of Directors Is to Monitor