A board of directors' three formal responsibilities are to appoint the officers of the firm, oversee the affairs of the corporation, and ________.
A) conduct the annual meeting
B) provide funding for the firm
C) submit the firm's annual report to the stockholders
D) declare dividends
E) write the firm's strategic plan

Question

Quizplus · Accepted Answer

The board of directors is responsible for declaring dividends as part of their role in overseeing the financial affairs of the corporation.

A Board of Directors' Three Formal Responsibilities Are to Appoint