Which of the following statements about the Board of Directors is NOT true?
A) Board members are elected by stockholders.
B) The Board can be held legally accountable for a company's actions.
C) The Board has the legal authority to hire, fire, and compensate the CEO.
D) All the directors are full-time employees of the company.
E) Outside directors help perform the monitoring function of the Board.
Correct Answer:
Verified
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