The board of directors in a company:
A) Is responsible for developing a company's overall strategy
B) Is typically called the presidents or CEOs
C) Both A and B
D) None of the above

Question

Quizplus · Accepted Answer

The board of directors is responsible for developing a company's overall strategy, which includes making major corporate decisions, setting long-term goals, and appointing and overseeing top-level management. While the president or CEO may be part of the board of directors, they are not synonymous with it.

The Board of Directors in a Company