A corporation's board of directors:
A)is appointed by the SEC
B)is selected by the agency that chartered the corporation
C)acts as organizational figureheads
D)sets major corporate goals and policies
E)should never have more than seven members

Question

Quizplus · Accepted Answer

The board of directors in a corporation is responsible for setting major corporate goals and policies, guiding the organization's overall direction. They are not appointed by the SEC, selected by the chartering agency, merely figureheads, nor is there a rule limiting their number to seven.

A Corporation's Board of Directors