In which of the following areas does the board determine corporate policy?
A) Selecting and removing officers.
B) Determining the corporation's capital structure.
C) Initiating fundamental changes and declaring dividends.
D) Setting management compensation.
E) All of these are determined by the board.

Question

Quizplus · Accepted Answer

The board of directors is responsible for making key decisions and setting policies in various areas of a corporation, including selecting and removing officers, determining the corporation's capital structure, initiating fundamental changes, declaring dividends, and setting management compensation.

In Which of the Following Areas Does the Board Determine