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,the degree of involvement is referred to as

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Nominal participation refers to a limited degree of involvement of the board of directors in the performance or review of selected key decisions, indicators, or programs of management. This means that the board is present but not actively engaged or participating, and their role may be more symbolic or perfunctory (i.e. in name only). The other options do not accurately describe this level of involvement. Rubber stamp implies that the board simply approves whatever management proposes without any scrutiny or critical analysis. Active participation suggests a more engaged and involved role in decision-making and oversight. Minimal review may imply some level of scrutiny, but not necessarily limited involvement. Phantom does not accurately describe any level of involvement or engagement.

When a Board of Directors Is Involved to a Limited