A company's board of directors is primarily an agent of the company's:

Question

Quizplus · Accepted Answer

The board of directors is responsible for representing the interests of the shareholders, who are the owners of the company. The board has a fiduciary duty to act in the best interests of the shareholders, including making decisions on strategic direction, hiring and firing senior executives, and approving major transactions. While the board may also consider the interests of management and employees, their primary responsibility is to the shareholders.

A Company's Board of Directors Is Primarily an Agent of the Company's