One corporate activity that is specifically reserved for the board of directors is the:

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The board of directors is responsible for declaring dividends, which is the distribution of profits to shareholders. This decision is made based on the company's financial performance and the board's strategic goals. It is a significant decision that can affect the company's reputation, financial position, and shareholder value, and thus needs to be carefully considered by the board.

B, C, and D are not specific activities reserved for the board of directors. While the board has oversight responsibility for the company's custody of records, preparation of budgets, and overall performance, these activities involve the management team and other stakeholders in the organization. The day-to-day operation of the firm is the responsibility of the management team, who report to the board and implement the board's decisions and strategies.

One Corporate Activity That Is Specifically Reserved for the Board