The Responsibilities of the Board of Directors Vary Significantly by Country

The responsibilities of the board of directors vary significantly by country and by state; however, there is a developing consensus as to what the major responsibilities should be. Which of the following is NOT one of the major responsibilities?

A) To oversee the management of the corporation's resources.
B) To establish or approve the corporation's mission, objectives, strategy, and policies.
C) To review management's actions in light of the financial performance or the corporation.
D) To become directly involved in managerial decisions.
E) To hire and fire the principal operating officers of the corporation.