The Primary Roles/obligations of a Company's Board of Directors in the Strategy-Making,strategy-Executing
The primary roles/obligations of a company's board of directors in the strategy-making,strategy-executing process include
A) playing the lead role in forming the company's strategy and then directly supervising the efforts and actions of senior executives in implementing and executing the strategy.
B) providing guidance and counsel to the CEO in carrying out his or her duties as chief strategist and chief strategy implementer.
C) overseeing the company's financial accounting and reporting practices,evaluating the caliber of senior executives' strategy-making and strategy-executing skills,and instituting a compensation plan that rewards top executives for results that serve shareholder interests.
D) working closely with the CEO,senior executives,and the strategic planning staff to develop a strategic plan for the company.
E) reviewing and approving the company's business model,and reviewing and approving the proposals and recommendations of the CEO as to how to execute the business model.
Correct Answer:
Verified
Q42: Operating strategies primarily entail
A)how best to implement
Q43: When things are not going well,the corrective
Q44: Proficient strategy execution
A)directly involves only the CEO
Q45: Operating strategies concern
A)what the firm's operating departments
Q46: Management is obligated to monitor new external
Q49: Which one of the following is not
Q50: Functional area strategies
A)are concerned with how to
Q51: A company's direction,objectives,and strategy
A)never have to be
Q52: Functional strategies
A)specify what actions a company should
Q77: In a single-business company, the strategy-making hierarchy
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