What entity within the firm has the discretion to issue dividends?

Question

Quizplus · Accepted Answer

The board of directors has the discretion and authority to issue dividends to shareholders. They are responsible for making important financial decisions for the company, including dividend policies. The CEO, CFO, and Vice President of Finance may provide recommendations, but ultimately it is up to the board of directors to make the final decision on whether or not to issue dividends.

What Entity Within the Firm Has the Discretion to Issue