Which of the following statements is true concerning U.S. public boards of directors?
A) They are typically made up of a majority of insiders.
B) They are mostly chaired by CEOs.
C) They are appointed by the CEO.
D) All of the above are true.

Question

Quizplus · Accepted Answer

In U.S. public companies, boards of directors are often chaired by the CEO, although this practice is changing. Boards are typically made up of a majority of independent directors, not insiders, and they are elected by shareholders, not appointed by the CEO.

Which of the Following Statements Is True Concerning U