The _____ has the legal authority to declare dividends.When considering whether to declare dividends, they must conclude that declaring a dividend is both legal (under law and contract) and financially desirable.

Question

Quizplus · Accepted Answer

The board of directors has the legal authority to declare dividends. While other individuals such as the CFO or CEO may be involved in making the decision to declare dividends, ultimately it is the board of directors who has the legal power to do so.

The _____ Has the Legal Authority to Declare Dividends