Every corporation should have a strong independent board of directors that does all of the following except
A)remain well-informed about the company's performance and exercises its fiduciary duty to protect shareholders responsibly.
B)guide management in choosing a strategic direction and makes independent judgments about the validity and wisdom of management's proposed strategic actions.
C)evaluate the leadership skills of the CEO and other senior executives.
D)retain sufficient courage to curb management actions deemed inappropriate or unduly risky.
E)take responsibility for leading the strategy-making, strategy-executing process.

Question

Quizplus · Accepted Answer

While a board of directors must remain well-informed, guide management, evaluate leadership skills, and retain courage, it is not their responsibility to lead the strategy-making process. This is the responsibility of management.

Every Corporation Should Have a Strong Independent Board of Directors