Which of the following statements is true about a corporation's boards of directors?
A) They typically abdicate their policy-making function and, being agents of the corporation, serve as proxies for shareholders.
B) They are actively involved in daily corporate affairs.
C) They actively manage the policies of the corporation but leave day-to-day affairs to the shareholders.
D) They are considered as agents of a corporation.
Correct Answer:
Verified
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