What are some of the areas where the board determines corporation policy?
A)Selecting and removing officers.
B)Determining the corporation's capital structure.
C)Initiating fundamental changes and declaring dividends.
D)Setting management compensation.
E)All of the above.

Question

Quizplus · Accepted Answer

The board of directors is responsible for making strategic decisions that determine the overall direction of the corporation. This includes selecting and removing officers, determining the corporation's capital structure, initiating fundamental changes, declaring dividends, and setting management compensation. Therefore, all of the above options are areas where the board determines corporation policy.

What Are Some of the Areas Where the Board Determines