Which of the following is a major function of the board of directors of a company?

Question

Quizplus · Accepted Answer

The board of directors is responsible for aligning the corporate strategy with the interests of the stockholders, as they are elected by the stockholders to oversee the management of the company. A is incorrect as the board of directors delegate decision-making power to divisional managers, but ultimately hold them accountable. B is incorrect as monitoring line managers' performance is the responsibility of the company's executive team. D is incorrect as creating contracts with suppliers is typically the responsibility of purchasing and supply chain departments. E is incorrect as designing marketing strategies is the responsibility of the marketing department.

Which of the Following Is a Major Function of the Board