The duty of the board of directors of a public corporation is to

Question

Quizplus · Accepted Answer

The duty of the board of directors of a public corporation is to ensure decisions by senior managers are in the best interests of the shareholders. They are responsible for overseeing the management team and setting corporate strategy, but they do not control day-to-day operations. They also do not audit financial statements or protect the company from competition and lower labour costs. While they may make recommendations, their primary focus is on representing the interests of the shareholders.

The Duty of the Board of Directors of a Public