When a board of directors is involved to a limited degree in the performance or review of selected key decisions, indicators, or programs of management, there is a ________ degree of involvement.

Question

Quizplus · Accepted Answer

Nominal participation means that the board of directors is involved to a limited degree in the performance or review of selected key decisions, indicators, or programs of management. They may be consulted or informed but do not have active involvement. A rubber stamp degree of involvement implies that the board simply approves decisions without any critical review, while active participation and minimal review suggest a higher level of involvement than nominal participation. A phantom degree of involvement implies that the board is completely absent or non-existent.

When a Board of Directors Is Involved to a Limited