Which of the following is charged with setting policies and overseeing the performance of a bank?

Question

Quizplus · Accepted Answer

The board of directors is responsible for setting policies and overseeing the performance of a bank. They are elected by the stockholders to represent their interests and make decisions on behalf of the bank. Regulators may also monitor and supervise the bank's operations, but they do not set the policies or oversee performance in the same way as the board of directors. Depositors do not have any authority over the bank's policies or performance.

Which of the Following Is Charged with Setting Policies and Overseeing