The following would be a key control function of the Board of Directors:
A)Set guidance and boundaries
B)Appoint CEO
C)Approve the sale of company's assets
D)Decide on the company's auditor
E)All of the above

Question

Quizplus · Accepted Answer

All of the options listed are key control functions of the Board of Directors.

A) Set guidance and boundaries: It is the role of the Board to set guidance and boundaries for the company's operations, ensuring they align with the company's overall mission and strategy.

B) Appoint CEO: One of the key responsibilities of the Board of Directors is to appoint the CEO, who is responsible for the day-to-day management of the company.

C) Approve the sale of company's assets: The Board of Directors must approve the sale of company assets to ensure that they align with the company's strategic interests.

D) Decide on the company's auditor: The Board of Directors must select and approve the company's auditor to ensure that the financial statements are reliable and provide a fair representation of the company's financial position.

Therefore, all of these options are important control functions of the Board of Directors.

The Following Would Be a Key Control Function of the Board