Which of the following best represents the center of management authority for the corporation?

Name: Which of the following best represents the center of management authority for the corporation?
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

The board of directors is the center of management authority for the corporation, and all corporate power flows from the board. The board is not an agent for the shareholders; it has independent status. The directors have fiduciary duties to the corporation and the shareholders.

Which of the Following Best Represents the Center of Management