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

Question

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The declaration of dividends is a decision that is only made by the board of directors. This is because dividends directly impact the company's financials and the decision to pay dividends has long-term implications for the company's growth and sustainability. The other options listed may involve input or oversight from the board of directors, but ultimately they are not the sole responsibility of the board.

One Corporate Activity That Is Specifically Reserved for the Board