Which of the following is NOT a function of the board of directors?
A) hire the CEO
B) evaluate the CEO
C) design compensation contracts for the CEO
D) provide reports to the auditors

Question

Quizplus · Accepted Answer

The primary functions of the board of directors include hiring and evaluating the CEO, as well as designing compensation contracts for the CEO. Providing reports to the auditors is typically a function of the company's management team, not the board of directors. The board may oversee and ensure the integrity of the financial reporting process, but the direct responsibility of providing reports to auditors falls under the management's duties.

Which of the Following Is NOT a Function of the Board