Bellhaven Inc. has a board of directors that consists of seven members. Which of the following is most likely an accurate statement about Bellhaven's board of directors?
A) Bellhaven's board of directors ensures the firm's compliance with laws and regulations but does not conduct risk assessments.
B) Bellhaven's board of directors provides guidance for the firm's CEO but does not monitor the firm's corporate actions.
C) Bellhaven's board of directors oversees the firm's succession plan but does not evaluate the firm's CEO.
D) Bellhaven's board of directors has a minority number of inside directors and it evaluates the firm's strategic initiatives.
Correct Answer:
Verified
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