Governance of a corporation is the responsibility of:
A) Board of Directors
B) Shareholders
C) Senior Management
D) The Chief Operating Officer

Question

Quizplus · Accepted Answer

The board of directors has the primary responsibility for governing a corporation. They are elected by the shareholders and have the power to make significant decisions concerning the strategic direction and management of the company. Shareholders have a voice in the governance process through the election of the board of directors and the approval of major corporate decisions, but they do not have direct responsibility for the governance of the corporation. Senior management and the chief operating officer are responsible for implementing the strategies and decisions made by the board of directors.

Governance of a Corporation Is the Responsibility Of