What are the responsibilities of the board of directors?

Question

Quizplus · Accepted Answer

The board of directors is responsible for making rules and policies for the corporation, setting policies, and monitoring the company's performance. These are some of the essential responsibilities of the board of directors.

Option B is incorrect as overseeing the day-to-day running of the corporation is the responsibility of the CEO and other executives.

Option C and D might be part of the board's responsibilities, but most of these decisions are usually delegated to investment and risk committees.

Option E is incorrect as the board's duty is to set rules and policies, while it's the CEO's duty to implement them.

What Are the Responsibilities of the Board of Directors