Every corporation should have a strong independent board of directors that:
A) is well informed about the company's performance and exercises their fiduciary duty to protect shareholders responsibly.
B) guides management in choosing a strategic direction and to make independent judgments about the validity and wisdom of managements proposed strategic actions.
C) evaluates the leadership skills of the CEO and other senior executives promote management actions the board believes are inappropriate or unduly risky.
D) has the courage to curb management actions deemed inappropriate or unduly risky,curtails insight and advice to management.
E) All of these.
Correct Answer:
Verified
Q81: Why does an organization need both financial
Q85: What is the managerial value of a
Q87: Define and briefly explain what is meant
Q93: Explain why an organization needs a strategic
Q96: Which is more important-a company's mission statement
Q98: Which is more important to a company's
Q100: Identify the key characteristics of a well-stated
Q101: What is the role and responsibility of
Q107: What is the meaning of the term
Q114: The task of crafting a company's strategy
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents