The board of directors is a group that has a ________ duty to ensure that the company is run consistently with ________ interests of the owners,or shareholders of a corporation and that acts as an ________ between the shareholders and management.
A) legal; short-term; intermediary
B) sworn; long-term; advisor
C) fiduciary; long-term; intermediary
D) formal; short-term; advisor

Question

Quizplus · Accepted Answer

The board of directors is a group that has a fiduciary duty to ensure that the company is run consistently with the long-term interests of the owners, or shareholders, of a corporation and that acts as an intermediary between the shareholders and management.

The Board of Directors Is a Group That Has a ________