If the board delegates to a committee its duty to select a new company president:
A) the members of that committee may be responsible individuals other than board members.
B) the committee must consist of board members and may be authorized unless otherwise provided by the articles of incorporation or bylaws.
C) the non-committee directors are relieved of liability for acts of the committee.
D) the committee may exercise all the authority of the board.

Question

Quizplus · Accepted Answer

The committee must consist of board members unless the articles of incorporation or bylaws provide otherwise, and it may be authorized to act in such a capacity. This is because the delegation of such significant duties typically requires the involvement of board members to ensure that the decision is made with the appropriate level of oversight and within the governance structure of the organization.

If the Board Delegates to a Committee Its Duty to Select