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Which of the Following Is a Major Duty That State

Question 55

Multiple Choice

Which of the following is a major duty that state incorporation laws impose on boards of directors?


A) To exercise due diligence in supervising shareholders.
B) To represent the interests of stockholders by conducting a profitable business that enhances share value.
C) To make day-to-day management decisions.
D) To put their own self-interests ahead of the shareholders.

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