Which of the following statements about the board of directors is false?
A) Board members are elected by stockholders.
B) All directors are full-time employees of the company.
C) The board has the legal authority to hire, fire, and compensate the CEO.
D) The board can be held legally accountable for a company's actions.
E) Outside directors help perform the monitoring function of the board.
Correct Answer:
Verified
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