In a public company with diffused ownership,the board of directors is entrusted with

Question

Quizplus · Accepted Answer

In a public company with diffused ownership, the board of directors is responsible for monitoring the management and safeguarding the interests of shareholders. The board is accountable for setting the company's overall direction, reviewing and approving major corporate actions, and ensuring that the management team is aligned with the interests of the shareholders. The board also oversees the company's financial reporting and compliance with relevant laws and regulations. While the board may work closely with auditors, its primary responsibility is to represent the shareholders, not to monitor the auditors.

In a Public Company with Diffused Ownership,the Board of Directors